RE: The great rotation is just starting4 Jun 2017 13:03
Also Rickards observations that China is burning through its available reserves faster than we in the west realise to keep the Yuan strong, and that much of its reserves are illiquid or earmarked to recapitalise its banking system. If you consider this alongside the grant Williams piece, and Trump's desire to weaken the dollar you can see where this might be heading. I believe the fully convertible yuan denominated oil future is now back on the agenda.