- In an era of unprecedented global leveraged speculation, I believe China evolved into the King of Levered Carry Trades.
- Chinese private education, real estate development and technology stocks were hammered on a confluence of central government regulatory actions.
- There was confusion, and at least a few analysts voiced a newfound worry: perhaps Chinese leadership no longer cares about market reaction.
- The Fed’s in a real pickle here. Powell is struggling to justify ongoing historic monetary inflation in the face of the most intense inflationary shock in decades.
For further details see:
Weekly Commentary: The King Of Carry Trades