PBOC Changes RMB "Countercyclical" Factor
Yesterday the PBOC announced that it was eliminating the so called “countercyclical factor” and asking banks to adjust their reporting. We believe...
119 Views
Chinese Interest Rates and the Fed
Chinese money markets have been surging across the yield curve even as the PBOC has been easing liquidity through increased open market...
142 Views
The Market Sentimentalist – China Worries
SummaryA lot of smart investors worry that China is a gigantic bubble in search of a pin. It is not hard to see why. China’s economic growth...
167 Views
China: Offshore Debt Surging, Financial Risks Escalating
Forget talk about de-leveraging. Bank of International Settlements (BIS) data on international debt issuance reveal that Chinese corporates are...
146 Views
Triangulating the RMB, USD, and Commodities
There are two contradictory thesis in the foreign exchange and commodities markets. They are that a stronger dollar equates with higher commodity...
122 Views