Kathleen Tyson
@Kathleen_Tyson_
Global liquidity plumber (triparty repo, FX & optimisation), long ago central banker & author Multicurrency Mercantilism: The New International Monetary Order.
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China resumed buying oil after buffering global demand March through mid-July.
China is now buying up every tanker cargo it can reach from the Gulf to Russia to West Africa to California.
Meanwhile tankers only leave the Persian Gulf with Iranian clearance and security.
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This is brilliant and should be studied by central bankers everywhere! Peoples Bank of China was the first to deflate a massive, leveraged housing bubble without a single quarter of economic contraction or loss of growth momentum in the real economy.
A success for the history books.
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