Swiss Economicblogs.org
By the time things got really bad, China’s economy had already been slowing for a long time. The currency spun out of control in August 2015, and then by November the Chinese central bank was in desperation mode. The PBOC had begun to peg SHIBOR because despite so much monetary “stimulus” in rate cuts and a lower RRR banks were hoarding RMB liquidity. Late 2015 was not a fun time in China. The idea of economic...
Read More »China’s Global Slump Draws Closer
