Good morning … Or is it a BAD morning? Yep, one of those days where we wake up to news from China and ask if things are so BAD (credit loan growth) they are GOOD (as data will usher in PBoC easing)? Reuters: China July new bank loans tumble, credit growth weakens further
Gold in my hand can't become "unbanked". That's easily worth a 5.5% opportunity cost imo!