La destruction du modèle chinois et le déclin d el’eurodollar en un graphique.
Follow the eurodollar trail. China bank reserves fell by 12% in March. Biggest decline in published records (dating back to 2007; though I doubt bank reserves declined at all before 2007 at least in modern China).
This is the RRRs, not stimulus.https://t.co/KiHNeNCPb7 pic.twitter.com/V8vLE6AAzA
— Jeffrey P. Snider (@JeffSnider_AIP) April 23, 2019