Aiming Now At the ‘Dollar’

By |2015-04-21T16:13:07-04:00April 21st, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

With the PBOC’s apparent schizophrenia on display it is unsurprising that there would be another default. I don’t find any coincidence between the timing of that announcement, in Hong Kong, and the fact that the PBOC both “tightened” and “loosened” in the past few days. They have been pretty consistent about that going back to the initiation of “reform” in [...]