Friday, January 8, 2016
China: A giant kid at financial markets
My ex boss rued that they are like a giant learning to walk and when it falls threatened to break or trample on us. What an apt description.
Better get your act together or risk losing the premium you have enjoyed. Watch and learn how Draghi and Bernanke played the confidence game. Unfortunately the Chinese mindset of using raw power over shrewd cajoling and threats means they are wearing the wrong clothes to the party!
China is forever faced with this conundrum of using Chinese or International approaches to solve every problem. This time it shows they don't know what they were doing.
Posted by PengYou at 9:12 AM