tag:blogger.com,1999:blog-2761684730989137546.post5148387826823413202..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: China markets plunge Monday on liquidity, propertymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-4544735890188576542016-12-12T09:52:21.174-05:002016-12-12T09:52:21.174-05:00Matt, I think it's time to trademark the phras...Matt, I think it's time to trademark the phrase (if possible) "USD zombies." :)lastgreekhttps://www.blogger.com/profile/00354740659933239445noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57423705369545908012016-12-12T09:30:11.130-05:002016-12-12T09:30:11.130-05:00The dollar addiction was attractive because people...The dollar addiction was attractive because people assumed the peg would last, the trade was stable and the US rates were lower for longer.<br /><br />About that importance of harmony in policy and taking a long term view, suddenly scrambling nuclear bombers in the air seems rational. <br /><br />China made big USD commitments domestically and foreign with their big road project and railroads all over africa and a few dozen others too, most done in USD. Can't have it all, capital flowing, control the currency and control the domestic economy. <br /> <br />Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-38455916669999649442016-12-12T09:02:09.880-05:002016-12-12T09:02:09.880-05:00Heres another good one:
https://twitter.com/marke...Heres another good one:<br /><br />https://twitter.com/markets/status/808295480090329088<br /><br />"China Singyes Solar Technologies Holdings Ltd. says it's been thinking about selling U.S. dollar-denominated debt to help pay back 560 million yuan ($81 million) worth of its so-called Dim Sum bonds due in November 2017. China Singyes' situation is emblematic of a recent trend: with the renminbi losing value and money leaving the country, Chinese companies that have historically sold such yuan-denominated bonds overseas are now considering alternative debt products to roll over their borrowings."<br /><br />Innovative zombies making a last grab for USDs... "well we are out of Yuan so we will have to borrow in USDs now!" who said zombies couldnt think....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-75235673927688236992016-12-12T08:55:51.858-05:002016-12-12T08:55:51.858-05:00"incompetent cockroaches that ran Washington ..."incompetent cockroaches that ran Washington believed we needed to borrow dollars from the Chinese..."<br /><br />No evidence that this is still not true...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-81034036875020326202016-12-12T08:54:25.978-05:002016-12-12T08:54:25.978-05:00Lets hope it doesnt degrade literally into World W...Lets hope it doesnt degrade literally into World War Z....<br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com