Pouring It On
China joined in the global stimulus party overnight with strong measures to awaken its struggling, over-leveraged economy. The immediate reaction was a predictable 4% rise in Chinese stocks and drop in Chinese interest rates. Chinese policymakers promised further stimulus if needed - and it will certainly be needed because the plans announced last night…
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.