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China's monetary stimulus is starting to take effect, writes Sober Look, pointing to March's...

China's monetary stimulus is starting to take effect, writes Sober Look, pointing to March's jump in new lending. A look at a chart of new loans over a 4-year period shows what an outlier March's figure is. The market is looking for stimulus "no matter where it comes from ... China seems to be just as good (as the Fed)."
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