barrett wrote:
Was looking for this in the article and there is was:
He gave no timeframe for his latest call.
I think the real problem with China as discussed elsewhere on here is that their economic data isn't very reliable. And they now have a massive economy so the misinformation has bigger global consequences.
And it makes you wonder how many loans in China were made based upon more rosy economic expectations than are actually materializing.
And what will happen when those loans begin going bad.
Think of interest rates as a piece of soft metal sitting on an anvil and deflation is the hammer relentlessly pounding it until it is almost paper thin, and then pounding it some more.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
ochotona wrote:
Why are 5-7 year US Treasuries selling off today, simultaneously with stocks? It's weird.
Why are US Treasuries selling off again, simultaneously with stocks? It's weird. ECB lowers interest rates again, the US Dollar should go up (it is not), there should be a rush to US Treasuries, there is not, instead everyone is selling off, and gold is up. TEOTWAWKI already?
..or Draghi's comment that "this is as low as the ECB will go for interest rate levels."
If ECB is done lowering rates, this should mean the EUR is stronger than previously expected.
EUR up, USD down = Gold up.
Rates also rose in the EU which led investors out of treasuries and into GBs.
G-d only knows...
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
