China central bank raises Bank reserve requirements
#1
Posted 07 April 2007 - 09:00 AM
cnbc news
#2
Posted 07 April 2007 - 12:24 PM
#3
Posted 07 April 2007 - 12:42 PM
#4
Posted 07 April 2007 - 12:52 PM
looks to me like they are desperately trying to do something over there. slow the economy? prick a bubble? fight inflation? kill the us dollar? squell protectionism in the usa buying raising the value of the yuan? Speculation is rampant in China now.
China has not been secretive in its desire to moderate speculation while maintaining growth so as to avoid problems due to inflation.
#5
Posted 07 April 2007 - 01:17 PM
#6
Posted 07 April 2007 - 02:07 PM
It may be more complicated than one of China's pullbacks. There was negative divergences to the internals, (such as the DOW MCSUM and so forth), the sub-prime uneasiness, and the the USD/JPY spike lower.the market may yawn at this too but recall that what caused the US market to have it's worst breath ratio day since 1926 (498 down 2 up on feb 27) and 7th biggest point down day in history was the China market dropping hard........ not the Indian market.
Edited by jmicou, 07 April 2007 - 02:08 PM.
#7
Posted 07 April 2007 - 10:49 PM