China’s Stimulus Takes A Backseat To Save The Yuan | Michael Howell

In order to get a truly expert assessment on the liquidity picture out of China, Michael Howell from Crossborder Capital joins Weston Nakamura, as they explore Weston’s thesis from the previous episode of Market Depth - China’s immediate term priority is to stop the yuan’s precipitous fall. This has been made evident by the PBOC’s daily yuan fixings stronger, as well as their net liquidity draining that had been occurring over the last several trading days. In addition, Michael incorporates his view on how the Japanese yen is being weaponized to attack the Chinese yuan - a theory that Michael and Weston have been discussing on an ongoing matter. Weston also discusses another potential working theory on China’s economic weakness as inflationary for the developed economies, contrary to mainstream views. Follow Michael Howell on Twitter: https://twitter.com/crossbordercap http://www.crossbordercapital.com -- Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm Follow Weston: https://twitter.com/acrossthespread Follow Blockworks: https://twitter.com/Blockworks_  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.