Dollar and Trade Delinked Globally; It’s All Finance Now

By |2014-04-10T13:01:33-04:00April 10th, 2014|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The news from China this morning was unexpected only to those who still cling to the idea that the PBOC control is omnipresent. Exports were down 6.6% Y/Y in March (after dropping 18.1% Y/Y in February), while imports simply collapsed 11.3% Y/Y. Since China has been operating as the global trade pivot, the results on both sides of the trade [...]