China’s Great Cleansing Has Begun – Basis Point<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"From David Chin at Basis Point: ….China\u2019s commodity futures markets are the \u2018canary in the coalmine\u2019 for hints that the markets may be in for an even wilder ride. Most WMPs [wealth management products] have a maturity between 1-4 months and managers of these WMPs need their Chinese retail investors to roll over by buying … <\/p>\n
Continue reading “China’s Great Cleansing Has Begun | Basis Point”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,41,45],"tags":[],"class_list":["post-15251","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-china-hk","category-debt-levels"],"yoast_head":"\nChina's Great Cleansing Has Begun | Basis Point - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's Great Cleansing Has Begun | Basis Point - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From David Chin at Basis Point: ….China\u2019s commodity futures markets are the \u2018canary in the coalmine\u2019 for hints that the markets may be in for an even wilder ride. 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From Axiom Capital: While we, as well as the few bearish peers we have, have warned of a pending \u201ccredit event\u201d in China for some time now \u2013 admittedly incorrectly (China has proved much more resilient than expected) \u2013 the\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15322,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/21\/beijing-eases-pressure\/","url_meta":{"origin":15251,"position":1},"title":"Beijing eases pressure","author":"ColinTwiggs","date":"May 21, 2017","format":false,"excerpt":"China's PBOC eased up on its crackdown on wealth management products (WMPs) and related bank lending. The resulting fall-off in new credit and a spike in interbank lending rates threatened to precipitate a sharp contraction. Copper rallied off long-term support at 5400. The reaction is secondary and breach of 5400\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15617,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/21\/weekly-top-themes-from-bob-doll-nuveen\/","url_meta":{"origin":15251,"position":2},"title":"Weekly Top Themes from Bob Doll | Nuveen","author":"ColinTwiggs","date":"July 21, 2017","format":false,"excerpt":"U.S. monetary policy should remain equity-market friendly. In her comments last week, Janet Yellen stated that the neutral rate for the fed funds rate is \u201ccurrently quite low,\u201d and rates would not have to rise much more to become neutral. 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