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The PBoC disappoints investors with a lack of stimulus measures which triggered "Black Monday"
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The Pboc disappoints investors with a lack of stimulus measures which triggered black Monday, for everything you need to know check out our video here...
Problem with proximate vs ultimate cause.
Try: the PBOC blew massive bubbles in China triggering Black Monday.
Same with the Fed.
And it's just getting started.
Chinese reverse QE sounds like China has
more gold on hand than they claim.
While the PBoC gold holding may "only" be 1500tonnes,
who's to say that isn't also true of every other
government department or "state owned" enterprise
as well???
At least the banks aren't on 'holiday', yet...
the central bankers are trapped in their own catch-22. Live by the sword...look at Sweden