Adam posted on The #1 sign central bankers have become too important
Well, if that’s the #1 sign, this has to be #2 … discussion of the underwear worn by governor of the People’s Bank of China, Zhou Xiaochuan …
A photo of him at the World Economic Forum in Davos last week showed he was wearing long johns (in Switzerland … in winter … Zhou sounds like a smart cookie)
During the panel discussion … Mr. Zhou said the PBOC would keep China’s monetary policy “stable” as Beijing seeks to put Chinese economy on a more sustainable growth path.
But some Internet commentators fixated more on what he wore than on what he said. Based on the idea that long johns – qiuku in Chinese — fit rather loosely, they concluded that the central bank will move more decisively to battle an economic slowdown… “China’s monetary policy will be loosened up significantly”
