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PBOC has held off on its regular liquidity injections for a record 26th straight session

Summary:
Fortunately for the rest of us still sitting on their hands since the recent October 7th 750B CNY debacle (Art Degree people alert: figurative language here means "not adding non-risk reserve assets to balance sheet of regulated depositories")  ....  keep your fingers crossed for the rest of the year and post end of ECB asset purchases... then maybe we can turn back up..The PBOC has held off on its regular liquidity injections for a record 26th straight session https://t.co/HgNBc6B8wH— Bloomberg Economics (@economics) November 30, 2018

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Fortunately for the rest of us still sitting on their hands since the recent October 7th 750B CNY debacle (Art Degree people alert: figurative language here means "not adding non-risk reserve assets to balance sheet of regulated depositories")  ....  keep your fingers crossed for the rest of the year and post end of ECB asset purchases... then maybe we can turn back up..

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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