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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (160947)8/8/2020 9:17:51 PM
From: TobagoJack  Read Replies (1) | Respond to of 217774
 
Re Message 32873862

<<China’s monetary policy also is becoming more independent as its currency, the yuan, no longer is tightly pegged to the dollar. China’s interest rates also are higher, with bond yields around 3%, giving it the ability to lower rates, which the West no longer has.>>

I had very-early noted that China monetary policy is actually in normal-space, w/ a positive yield, and has room but no necessity to suppress rates. The infrastructure-spend mobilized by print-print-print is actually lend lend lend, out of savings pool.

The folks waiting for global ex-China rates in general, or USA rates in particular to rise may be operating within fog of befuddlement. They should instead consider gold as salvation. Drubbing coming up and may turn out to be last chance to climb aboard at dirt-cheap levels, albeit not a crime to reach for gold salvation at any price, as one gets nominally bailed out eventually in fullness of time.