The Game Of Chicken Between The Fed & The PBOC Escalates
by Ben Hunt via Salient Partners’ Epsilon Theory blog,
ZeroHedge.com
01/15/2016
There’s more than a whiff of 2008 in the air. The sources of systemic financial sector risk are different this time (they always are), but China and the global industrial/commodity complex are even larger tectonic plates than the US housing market, and their shifts are no less destructive. There’s also more than a whiff of 1938 in the air, as we have a Fed that is apparently hell-bent on raising rates even as a Category 5 deflationary hurricane heads our way, even as the yield curve continues to flatten.
The Rest…HERE
