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Category Archives: PBOC

Important Update. ECB & PBoC up their game.

A few hours ago, the ECB President (Draghi) gave a speech wherein he re-threatened to do more to combat a weakening inflation and economic backdrop. Two hours after that, the PBoC announced it is loosening monetary policy and has dropped the interest rate on the 1-yr benchmark by 40bps to 5.6% and 1-yr deposit rates 25bps to 2.75%. The same thing happened to me […] Read the rest of this entry »

IMPORTANT: PBoC – Bundesbank Greedometer Deja Vu?

  There was a very beautifully forming Greedometer sequence from October 2013 through  March this year. It allowed me to fairly accurately forecast the SPX in January until late March — when the Bundesbank announced it would be OK with the ECB launching a QE program –but only after every other action had been taken.  That announcement immediately began changing mini Greedometer readings, and […] Read the rest of this entry »