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Did China JUST Trigger GFC 2.0!!
#recession #depression #inflation #interestrates #dollar #bank #money #credit #economy #money #whatismoney #jeffsnider #federalreserve #liquidity #yieldcurve #china #yuan
Another crazy couple of days in China's yuan saga. Authorities continue to escalate their tactics in the increasingly desperate attempt to stabilize CNY. Yet, the more officials feel they have to do, the more they also acknowledge what they've done so far hasn't done nearly enough. The eurodollar just isn't buying the Chinese spin.
Eurodollar University's Money & Macro Analysis
Bloomberg: China Uses Another Tool to Aid Yuan…
The skinny
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