China’s problems are growing… and their ability to ‘fix’ it seems to be fading fast.
Having strong-armed funds into ‘not selling’ stock last week , then strongly-suggesting that companies escalate their share buyback programs (and then bullying banks into buying yuan to support the currency against the green back ), and then clearly stepping with a ‘National Team’ panic bid (that didn’t work) Beijing was faced with the reality that nothing was working with Chinese stocks tumbling still .
Most problematically, the half-lifes of these interventions is shrinking rapidly… And as Bloomberg reports, overnight saw the shortest duration of post-stimulus gains […]
Read the rest of this story here: www.zerohedge.com
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