Tuesday , June 2 2020
Home / David Stockman /Not So Fast! Red Ponzi’s New Welcome Mat For Foreign Capital Exudes Desperation

Not So Fast! Red Ponzi’s New Welcome Mat For Foreign Capital Exudes Desperation

Summary:
Blame the yuan. As we've argued in the past, China was a hot investment destination in the past partly because of a stable currency. That safety net has been removed. Relatively attractive yields on Chinese bonds are no use if dollar-based investors expect one-way depreciation that will eat into gains. Overseas money managers will be right to be wary. https://www.bloomberg.com/opinion/articles/2019-09-10/china-scrapping-qfii-quotas-hints-at-desperation-for-money

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Leaked Official German Report Debunks Covid Hysteria

David Stockman writes The Looting Of America—Fed Style

David Stockman writes Europe Re-Opens Schools—No Second Covid Wave

David Stockman writes Test, Test, Test……..At ,415 Per Coronavirus Test!

Blame the yuan. As we've argued in the past, China was a hot investment destination in the past partly because of a stable currency. That safety net has been removed. Relatively attractive yields on Chinese bonds are no use if dollar-based investors expect one-way depreciation that will eat into gains. Overseas money managers will be right to be wary.

https://www.bloomberg.com/opinion/articles/2019-09-10/china-scrapping-qfii-quotas-hints-at-desperation-for-money

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *