A little heads up for you: The next meeting of China’s People’s National Bank Congress is March 5th.
It’s a safe bet they’ll be interested in stemming the rocket-ship nature of this chart, via Waverly Advisors.
Be on guard for news of further lending restrictions.
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See Also:
- Bernanke’s Tightening Will Doom Us With Deflation
- Here They Go, Australia Set To Resume The Tightening Cycle Next Tuesday
- Morgan Stanley: Don’t Be Fooled, The Chinese Aren’t Really Tightening Lending At All