Bond

Peter Schiff Warns Of "Calm Before The Storm"

"Investors may be trying to convince themselves that the outcome will be different this time around. But the only thing that is likely to be different is the Fed's ability to limit the damage..."

Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention

Although the PBOC reported that in September official central bank reserves rose by $17 billion to $3.109 tn , according to the latest SAFE data released overnight, after the first, and only month of inflows in three years, outflows have again returned for a total of $7bn in September (vs. net inflows of +US$9bn in Aug), in light of the recently relaxed FX forward rule