December 8th, 2014
With China’s property glut threatening to turn into a Bruce Willis disaster movie (where’s Hans Gruber?), Chinese leaders are jittery about growth. No surprise that the central bank slashed interest rates in November. Look for more cuts in 2015. With Europe slipping into deflation and oil prices plunging, Chinese leaders are far more worried about a Great Recession than a Great Inflation.
What about the dollar/yuan exchange rate? The Shanghai equity market has soared to a 3-year high, catapulted higher … Continue Reading →