Chinese Really Are Not Tightening, Though They Would Be Thrilled If You Thought That

By |2017-12-18T17:25:09-05:00December 18th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why would any central bank try to disguise the fact that it is being highly accommodative in its own money markets? That would be a strange place to start, made all the more so by the further observation the same central bank is perfectly happy if you thought it was doing the opposite. Cryptic introduction aside, it is obvious I [...]