by Michael J. Howell10. September 2015 18:14This report argues that August 2015 is China’s Lehman moment. Extrapolating forward, expect a Chinese ‘QE’ solution – dubbed here CE – a further 5-10% weakening in the RMB this year; spreading Asian inflation and Western deflation, and wild swings in the US Treasury market. If the PBoC fails, global bonds will rally, but if it succeeds, bonds could sell-off, much as they did in America’s QE periods.
e7b3fb03-5163-4876-8b92-dffcfd993f3b|0|.0|96d5b379-7e1d-4dac-a6ba-1e50db561b04
Tags: