rmb – Page 3 – Alhambra Investments

What’s *Really* Going On In China?

Questioning the veracity of Chinese estimates (for anything) has always been something of an amateur sport. For a stat like real GDP, everyone “knows” that it is managed. In a complex world where an economic system for a billion and a half is incomprehensibly unpredictable, there’s really no other way to always hit your government’s mark (unless the Chinese are [...]

PBOC’s Got A Lot To Juggle

By Jeffrey P. Snider|2020-01-29T19:23:21-05:00January 29th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

While China’s coronavirus outbreak dominates Western media attention, the Chinese economy has been off for its Golden Week New Year celebrations. Unfortunate timing, to say the least. While global markets have been digesting the latest developments, domestic markets in China have been closed. Nobody really knows how they will reopen on Monday. As a consequence, the People’s Bank of China [...]

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