When it comes to geopolitics, all anyone wants to talk about is Syria. And understandably so.
When it comes to financial markets, all anyone wants to talk about is China – an equally understandable fixation.
To be sure, China was already a big driver of risk on/ risk off sentiment going into August of 2015. The “is it a hard landing or is it not” question very often dominated global macro discussions among those who enjoy debating such things.