It’s not what you look at that matters, it’s what you see.”
Henry David Thoreau
Greetings!
Chinese leaders’ know well the danger of a hard landing via the transmission of cascading defaults on rising debt across companies in key industries. And they also understand the solution to this problem requires a delicate balancing act-they must deal with hot money and the Fed taper all the while their economy’s growth is decelerating in the face of reform.
….read the 3 page Currency Currents 25 February 2014 HERE
