China too easy to blame, central bankers need to up their game

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Outlook: As we wrote yesterday, market turmoil can trump boring old economics any time. The additional drop in the yuan today and the accompanying stock market drop and trading halt are becoming a crisis. The fast-and-easy interpretation is that the Chinese economy is slowing so much that assets are overpriced. The deeper interpretation is that the markets are not mature enough to withstand negatives and panic—“mature” meaning a large number of participants with a wide variety of mindsets and

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