Deutsche Bank: "Yellen May Actually Have To Increase QE" -

Deutsche Bank believes China is about to crash. A China crash is, indeed very likely.

From Deutsche's Jim Reid:

Over the weekend, China’s inflation, industrial production and retail sales numbers for the month of October will be released. China’s much awaited Third Plenum meeting gets underway tomorrow where DB’s Jun Ma expects a wide ranging package of reforms will follow, in terms of industry deregulation, financial liberalisation, reforms to land titles, state-owned enterprises and social security. Our take on this is that there will be lots for the market to get excited about in the reforms but that it will not necessarily be easy to implement them successfully. Our GEM equity strategist JP Smith yesterday reiterated his bearish view on China and most of the EM complex. If he's correct Yellen and Draghi are going to have interesting 2014s with the provocative thought being that Yellen may actually have to increase QE. Food for thought.

Other than to protect global banksters, it is not clear why the Fed would have to ease because of a China crash. But protecting banksters  is what it is about, isn't it?

(ht ZeroHedge)