3 ms·
I doubt it will have a long term impact on other markets. Other markets aren't anywhere near as overvalued. Markets have been expecting this since mid 2015. The
by c-slice 11y ago
I doubt it will have a long term impact on other markets. Other markets aren't anywhere near as overvalued. Markets have been expecting this since mid 2015. There isn't going to be a liquidity crisis, if anything it will make Chinese goods cheaper as the RMB is devalued. This couldn't be more different than 2008.
- jamesblonde 11y agoChina Will export deflation to the rest of the world. That will create lots of problems....
- jamesblonde 11y agoRussell Napiers Anatomy of the bear shows that the unifying feature of all the great bear markets was deflation. With rates aready at zero, central banks will need even more non conventional mechanisms. QE4, then govt spending. That's Napier's thesis...