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The dollar is up to is economy-wrecking ways again.
The Chinese aren't taking their #eurodollar #dollar woes weakening yuan lying down #recession. But they aren't doing a whole lot meaningful about it, either. Why and why not? That's the (euro)dollar conundrum.
Eurodollar University's Money & Macro Analysis
PBOC: Notice of the People's Bank of China and the State Administration of Financial Supervision on Extending the Deadline of Relevant Policies for Financial Support to the Steady and Healthy Development of the Real Estate Market
http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4987564/index.html
PBOC Financial News: Under exchange rate…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.