There have been a series of articles done by FT Alphaville highlighting a troubling economic situation developing in China.
1. Why China’s RMB exodus IS the story
2. China’s ’1 per cent’ risk
3. China is facing “the strongest outflow pressures for some time”
I think the massive economic issues in China are largely being ignored due to all of the attention currently focused on the crisis in Europe. I think the team at alphaville has legitimate reasons to worry. However, as my boss is fond of telling me, having a macro economic bias and trading that bias are two completely separate things. We have to wait for speculator's attention to shift from Europe & the U.S. to China. Once that attention really starts to shift and speculators smell blood in the water, they will attack.
Michael Weissman
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