I’ve been seeing warning signals since the spring that we’re in the later stages of this economic cycle so I wanted to post an update to illustrate. One thing to mention is that cycles tend to move very slowly which can be a double-edged sword. It’s nice because you can typically read the tea leaves…
Chinese officials announced that they’ll be easing their intervention in the currency market to let the yuan trade more freely as well as gradually removing caps on deposit rates. These are two big steps in the right direction for China to rebalance their economy with less of a reliance on government driven investment and a…