The interbank lending markets is the playground for fuckheads, manipulating FX markets in an effort to donkeypunch one another. I won’t speculate as to the reason why HIBOR is spiking now, but many people believe the PBOC is trying to defend the 6.70 level on the yuan and will sacrifice liquidity and equity prices to meet this end.
I promise you if CNH breaks 6.70 to the upside, all pandemonium will break loose.
Typically speaking, HIBOR up, stocks down.
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Wait what? Markets do not go sideways for the longest time in History than collapse like a diseased old bag on a Friday for no reason? Conspiracy theory. lol
hanjin has asia scared as shit, a giant has been slain in the export world. and energy bonds are going to explode as oil has been averaging $45 for the year.
Are the people in the photo Chinese, or european gypsies?
I told you this, pal.