china panics

  1. 10,404 Posts.
    Chinese interest rates moved up .5% last night making the total rise 1% in less than four months.

    Is this an indication of panic? Chinese economic data is notoriously scripted and inaccurate so there is every indication that the government, having left this too long, is now out and about to actively take on inflation that could be well over 10% and rapidly climbing.

    Maybe they have waited too long.

 
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