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China And Reserves, A Straightforward Process Unnecessarily Made Into A Riddle

By |2017-03-07T18:01:05-05:00March 7th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The fact that China reported a small increase in official “reserves” for February 2017 is one of the least surprising results in all of finance. The gamma of those reserves is as predictable as the ticking clock of CNY, in no small part because what is behind the changes in those balances are the gears that lie behind face of [...]

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