It seems to us that offshore assets, thus pressure on RMB, and deposits are the more likely outlets… Properties in top cities may also be an outlet, depending on the government’s tolerance of housing price increases (due to social stability concerns).An unconventional asset is Bitcoin, which can be used as a conduit to move offshore. Folks who can't get their money out can go traditional and buy gold for investment at jewelers, banks and gold shops.
Weekly Initial Unemployment Claims Unchanged at 212,000
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The DOL reported:
In the week ending April 13, the advance figure for *seasonally adjusted
initial claims was 212,000*, unchanged from the previous week's ...
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