Archive - Nov 2, 2015
Futures Rebound From Overnight Lows On Stronger European Manufacturing Surveys, Dovish ECB
Submitted by Tyler Durden on 11/02/2015 06:52 -0500- Australia
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On a day full of Manufacturing/PMI surveys from around the globe, the numbers everyone was looking at came out of China, where first the official, NBS PMI data disappointed after missing Mfg PMI expectations (3rd month in a row of contraction), with the Non-mfg PMI sliding to the lowest since 2008, however this was promptly "corrected" after the other Caixin manufacturing PMI soared to 48.3 in October from 47.2 in September - the biggest monthly rise of 2015 - and far better than the median estimate of 47.6, once again leading to the usual questions about China's Schrodinger economy, first defined here, which is continues to expand and contract at the same time.
Mark-to-Fantasy Becomes an Ugly Reality with the Impact of (S&P) 500 Enrons
Submitted by Reggie Middleton on 11/02/2015 06:35 -0500How many banks (and other companies) are doing the Enron thing? Many more than you would be led to believe, for now it's legal. Simple proof that this will end even prettier than Enron.
How To Hide A Hyperinflation, Part II
Submitted by Sprott Money on 11/02/2015 04:58 -0500This is not legitimate. This is not a market. It is more, systemic crime.
Q&A: Will China Stop Its Bleeding with Even Tighter Capital Controls?
Submitted by Capitalist Exploits on 11/02/2015 00:01 -0500Ironically, it would only exacerbate the pressure and you can handsomely profit from it
