NYCapple, saw where you bumped the previous thread and it was locked (?)
Anyways, the Chinese downturn is real, and now the effects will come home to roost. In what can best be described as a worse case scenario for the U.S., the PBOC has been dumping treasuries at a record pace. The effects of this, which will not be seen immediately, will ultimately imply a reversal of QE and a rock and a hard place for the Fed. QE4 is probably on deck.
Anyways, the Chinese downturn is real, and now the effects will come home to roost. In what can best be described as a worse case scenario for the U.S., the PBOC has been dumping treasuries at a record pace. The effects of this, which will not be seen immediately, will ultimately imply a reversal of QE and a rock and a hard place for the Fed. QE4 is probably on deck.
