It's a mountainous monetary problem. “Inflation is always and everywhere a monetary phenomenon.” -- Milton Friedman This is a real time case study. Color me skeptical about a "soft landing." At the very least , there's likely to be some bumps. Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or [...]
You've probably heard the phrase "soft landing" a lot lately. It has, over the last couple of months, become the new economic consensus. The economy continues to perform better than expected despite the Fed raising interest rates steadily - and fairly rapidly - over the last year. The most recent hike was just this past week and put the Fed [...]
Chinese financial behavior more recently has been far more favorable than the first part of the year. While there still remains this idea of PBOC control, I think, again, that the second quarter fully bears out the lack of control and the fear that engendered. Very quietly, the PBOC in June rolled out something called the “pledged supplementary lending” program. [...]
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