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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

If You Bought 30 Years Ago Today...

What would your returns be today if had you bought various assets the morning after the "Black Monday" crash? Deutsche Bank calculates the answer.

Global Markets Shaken By Sudden Equity Sell-Off: Hong Kong Crashes, VIX Surges

Global markets have been shaken by a sudden wave of overnight equity selling as worst case scenario for Spain finally materialized, while a slide in Apple stock has spiked the VIX, which coupled with a plunge in the Hang Seng and several other notable macro events may have finally woken up from their comatose state.

Yield Curve Inverts, Yuan Slides As China GDP Growth Slows

Despite all the talk of deleveraging, China did anything but according to its most recent data but the lagged impact of the tumbling credit impulse is starting to show up in the broader macro data. Despite the National Congress being under way (and recent credit spikes and positive PBOC hints) GDP growth limped lower to the expected +6.8% YoY, and fixed asset investment growth was the weakest in over 17 years...

"I'm Going To Work Until I Die": A Look At How Unprepared Boomers Are For Retirement

"The federal government’s unfunded 75-year liability for Social Security and Medicare combined is $46.7 trillion.  Americans aren’t saving enough for themselves, nor is the government saving on their behalf.  And the Millennial generation, whose taxes Boomers and Gen-Xers will depend on, is not exactly off to a great career start."

One Trader Warns: "Don't Confuse Risk-Asset-Buying With Calm"

"... when all other analysis seems to have failed, there’s this curious yet understandable, belief that God will provide... After all, what else sensibly explains the unceasing rewards from the accumulation of risky assets, despite serial reminders that all may not be as copacetic as the price levels insist is the case."