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World on edge as Chinese yuan enters danger zone: 'Ever more angry'
As the saying goes, when policymakers start panicking, markets stop panicking. This is captured the popular markets phrase that past a certain point, policymakers will do "whatever it takes" to stabilise falling markets for their economy. Never have we seen a more spectacular example of this than in China in the past several weeks. Following years of bear markets in stocks and property, recent pledges for stimulus have triggered a mad scramble for Chinese assets. It is spectacular, but there are reasons to be cautious that China can't do "whatever it takes" The Chinese yuan The first limitation is the Chinese ... (full story)
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- Posted: Oct 14, 2024 11:11pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,884
