Reluctant borrowers showing interest again
Just look at those helmeted central bankers rushing up to the battlements to man their defences, pikes at the ready, oil boiling in the vats to pour on the heads of the fear-whipped minions who would dare threaten Fortress Asia with their inflection points.
[Asian] central banks are manning their defences as emerging market currency, bond and stock markets have been whipped by fears that trillions of cheap US dollars could leave Asian economies in the face of the biggest inflection point for investors since 2008 - the eventual tightening of US monetary policy.
Just look at those helmeted central bankers rushing up to the battlements to man their defences, pikes at the ready, oil boiling in the vats to pour on the heads of the fear-whipped minions who would dare threaten Fortress Asia with their inflection points.
Now let's try another picture of what is really happening here. The problem for central banks everywhere is best expressed by that age old aphorism that you can lead a horse to water but you can't make him drink.
A central bank seeking to boost the economy over which it presides to higher rates of growth may make ample liquidity available to corporate and personal borrowers but cannot make them take advantage of that money if they do not want it.