'Show Me The Money' - Be Careful What (Stimulus) You Wish For...

Money growth in China is one of the most important numbers in markets right now. A rekindling of stimulus-driven domestic growth is likely to boost global and US inflation, curbing the extent of Federal Reserve policy easing and driving up longer-term Treasury yields. Expanding money supply in China will be a key sign of if and when stimulus is gaining traction. Follow the money. It’s a cliché, but like all clichés, it survives because at its heart it conveys a truth. The stimulus measures China has announced – with more...