China Halts Liquidity Injections While El Sargento Kitesurfers Wonder What Liquidity Is
The People's Bank of China just hit the pause button on short-term liquidity injections for the first time since June, sending global economists into a panic. Meanwhile, along the East Cape, retired crypto-bros are completely unfazed by Asian monetary policy while they wait for the thermal wind to kick in. They assume 'liquidity' is just something that happens to Pacifico bottles after a long day on the water.