I thought PBoC might join the wheel at one point, but luckily I listened to the sage advice of a veteran China watcher and macro maven and stayed away from all things emerging (in fact I am short). As always, the answer is really right there in the data, as even the Chinese can't doctor all of the statistics:
How about BRICS CBs? They can't find a way up to the wheel?
ReplyDeleteThis whole central planning affair reminds me more of 2 girls 1 cup.
ReplyDelete"Look Ben, it's my turn on the wheel. Now f*** off and eat some of those sunflower seeds"
ReplyDeleteI thought PBoC might join the wheel at one point, but luckily I listened to the sage advice of a veteran China watcher and macro maven and stayed away from all things emerging (in fact I am short). As always, the answer is really right there in the data, as even the Chinese can't doctor all of the statistics:
ReplyDelete" Steel Demand and Iron Ore Cliff Diving
Hmm.. who'd a thought that (Long Spain/Short China) would turn out to be not just a viable trade for a month or two this year but a real winner?
Lb, good for you. FT. Alphaville has many posts on short China, Aud trade recently.
ReplyDeleteDividend paying stocks doing well. Pension funds must be hurting in zirp enviorn.
Spain restructuring it's debt bad for EWP?
ReplyDeleteDivergence in FXI and AUDJPY.
ReplyDelete