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Gammel 25th June 2013, 11:39 AM
Vymer Vymer er offline
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En alternativ forklaring på rentestigningerne. Det skyldes et kinesiske storudsalg af obligationer pga af de nye stramme kreditvilkår i Kina.

TheMoneyIllusion » Murder by the Orient Economies?

A couple days after I wrote this post (but before posting it) I started to have second thoughts. Lars Christensen sent me the following by email:

This is not the doing of Bernanke. This in my view is nearly 100% driven by tighter Chinese monetary conditions – and the spike in US yields is driven by a flow story. There is a sharp rise in money demand in China, which is causing Chinese investors to sell everything to get liquidity – including US Treasuries. That is causing US bond yields to spike and it is also causing the collapse in inflation expectations in the US (and everywhere else).
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