Ovvero: Pararsi un po' il cul* in questo pazzo pazzo mondo di carte filigranate, iperfinanza globalizzata e picco delle risorse

lunedì 7 settembre 2015

Durden: China Dumps A Record $94 Billion In US Treasurys In One Month

Confermato (QUI): Solo ad agosto la Cina ha smollato quasi 100 miliardi di dollari (per lo più nella forma di debito USA) nel tentativo di sostenere lo Yuan

(...) Whatever the case, something will have to give here. That is, all of these dynamics (i.e. a Fed hike, China's massive UST dumping, an EM meltdown precipitating FX reserve drawdowns, illiquid markets for the same assets everyone is dumping, hemorrhaging petrostate budgets, etc.) simply cannot coexist for long without something snapping because, as we put it last week, in this very unstable arrangement, the smallest policy error will reverberate exponentially, and those reverberations can lead to only one thing: the Fed's admission of policy failure by adopting a tightening bias, and ultimately launching another phase of monetary easing, be it QE4 or perhaps even the long-overdue and much anticipated Friedmanesque "helicopter money" episode.

3 commenti:

  1. Perdindirindina .. questo e' il post n. 3004 di Argento Fisico !

  2. complimenti Er, accendiamo la candelina?