China Goes “UnCONventional” In Effort To Tackle Trillions In Debt, Rescue Economy

 –    China Goes “Unconventional” In Effort To Tackle Trillions In Debt, Rescue Economy (ZeroHedge, May 13, 2015):

China has officially entered the realm of “unconventional” monetary policy, joining the Fed, the ECB, the BoJ, and a whole host of other global central banks in an attempt to bring the supposedly all-mighty printing press and the unlimited balance sheet that goes with it to bear on subpar economic growth. We suspect the results will be characteristically underwhelming (at least in terms of lowering real interest rates, although in terms of boosting risk assets, the results may be outstanding) meaning it’s likely only a matter of time before LTRO becomes QE in China just as it did in Europe.

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