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Podcast: Market Depth
Episode: China’s Stimulus Takes A Backseat To Save The Yuan | Michael Howell
Description: In order to get a truly expert assessment on the liquidity picture out of China, Michael Howell from Crossborder Capital joins Weston Nakamura, as they explore Weston’s thesis from the previous episode of Market Depth - China’s immediate term priority is to stop the yuan’s precipitous fall. This has been made evident by the PBOC’s daily yuan fixings stronger, as well as their net liquidity draining that had been occurring over the last several trading days.In addition, Michael incorporates his view on how the Japanese yen is being weaponized to attack the Chinese...