That Can’t Be Good: China Unveils Another ‘Market Reform’

By |2019-08-19T13:16:07-04:00August 19th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Chinese have been reforming their monetary and credit system for decades. Liberalization has been an overriding goal, seen as necessary to accompany the processes which would keep the country’s economic “miracle” on track. Or get it back on track, as the case may be. Authorities had traditionally controlled interest rates through various limits and [...]