The Emperor’s New Clothes Authored by Peter Tchir via Academy Securities, The “big” news on the week, at least the news that seemed to move markets the most, was China’s stimulus plans. It started with some monetary policy, which didn’t do much, but China followed up with fiscal stimulus, and the perception that there is more to come permeated the market thinking. We highlighted in Thursday’s The “Other” Chinese Bazooka that this time, the benefits would accrue much more to China and its companies, than to the U.S. and its companies. Before delving into our take on how things will… — Continue at ZeroHedge News : Read More
