Demerging Emerging, Me Old China
February 08, 2011 at 08:51 AM EST
Nice to see Europe keeping things tight in the MRO/STRO allotments and nicer still to see EUR/USD rally (thank the Dark Lord’s followers for their helping hands). But its really the Chinese news that has taken up today. You only need to look at Chinese forward curves (see chart below) to see how massively discounted [...]