Yuan
China "Terrifies" Investors With Crackdown: "If You Don't Do What They Ask, There Will Be Blood"
Submitted by Tyler Durden on 12/04/2015 15:17 -0500"You can't 'comply' because there is no rule of law. The best thing you can do is establish processes for who is likely to be taken away, and how to make sure they aren't disappeared forever."
Frontrunning: December 4
Submitted by Tyler Durden on 12/04/2015 07:39 -0500- The Jobs Report Probably Won't Change the Fed's Mind on Liftoff (BBG)
- U.S. authorities look for militant links to shooters in California mass slaying (Reuters)
- Neighbors, Acquaintances Shocked That Couple Are San Bernardino Shooting Suspects (WSJ)
- ECB Fumbles the Stimulus-Baton Hand-off, Mussing Up Fed’s Plans (WSJ)
- OPEC Heads for Status Quo as Members Clash Over Crude Output Cut (BBG)
- Foreigners drawn in as fear and loathing grip China's finance industry (Reuters)
Frontrunning: December 3
Submitted by Tyler Durden on 12/03/2015 07:29 -0500- Mario Draghi Is About to Become the World's Market Risk Manager (BBG)
- Five Things to Ask Mario Draghi From Negative Rates to QE (BBG)
- Leaving behind baby and bombs, couple sows panic in California (Reuters)
- Couple's motive in California rampage a mystery for police, family (Reuters)
- In Grim Ritual, Barack Obama Again Calls for Stricter Gun Control After Mass Shooting (WSJ)
- Islamic State Defeat Impossible Without Ground Force, Kerry Says (BBG)
- OPEC States Push for Output Cuts in Face of Saudi Opposition (BBG)
The Fall Of America Signals The Rise Of The New World Order
Submitted by Tyler Durden on 12/02/2015 23:00 -0500- Bank of International Settlements
- Barack Obama
- Ben Bernanke
- Ben Bernanke
- BIS
- BRICs
- Budget Deficit
- Central Banks
- China
- Creditors
- Federal Reserve
- fixed
- Global Warming
- Great Depression
- Henry Kissinger
- International Monetary Fund
- Monetary Policy
- Purchasing Power
- Reality
- Reserve Currency
- Saudi Arabia
- The Economist
- Trigger Event
- Vladimir Putin
- World Bank
- Yuan
Again, the globalists at the BIS and the IMF require a diminished U.S. dollar, greatly reduced U.S. living standards and a much smaller U.S. geopolitical footprint before they can establish and finalize a single publicly accepted global elitist oligarchy. If you cannot understand why it seems that the Federal Reserve and U.S. government appear hell-bent on self-destruction, then perhaps you should consider the facts and motivations at hand. Then, you’ll realize it is THEIR JOB to destroy America, not save America. When you are finally willing to accept this reality, every disastrous development since the inception of the Fed a century ago, as well as all that is about to happen in the next few years, makes perfect sense. As the U.S. destabilizes, we are not escaping the clutches of the Federal Reserve system, only trading out one totalitarian management model for another.
China Services PMI Jumps To 4-Month High (And Drops Near 2015 Lows)
Submitted by Tyler Durden on 12/02/2015 21:08 -0500Just like Chinese Manufacturing, the Services PMI surveys from official sources and Caixin contradict each other. Providng hope for every bull, bear, and greater fool, official government data suggests the services economy is doing great and stimulus is working as it jumps to 4-month highs. However, Caixin's Services PMI shows a sudden drop near 2015 lows suggesting the need for moar stimulus now... take your pick, it's all farce!
The Emerging Market Growth Model Is "Broken"; RIP EM
Submitted by Tyler Durden on 12/02/2015 13:11 -0500"Emerging economies’ growth prospects look damaged in several respects. The central fact facing EM is the negative external shock that results from weak global trade growth and the collapse of Chinese import growth. This brings to an irreversible end the period of rapid, investment-led Chinese growth and strong global trade growth which had supplied EM with a once-in-a-generation positive external shock during the years between 2002 and 2013."
Frontrunning: December 2
Submitted by Tyler Durden on 12/02/2015 07:37 -0500- Yellen, in back-to-back appearances, could close out era of zero rates (Reuters)
- ECB stimulus hopes keep Europe stocks at three-month high (Reuters)
- ECB to Test the Limits of Its Bond-Buying Program (WSJ)
- Watch for U.S. recession, zero interest rates in China next year, Citi says (Reuters)
- Euro’s Loss Being Yen’s Gain May Be Headache for BOJ (BBG)
- Yahoo Board to Weigh Sale of Internet Business (WSJ)
- Islamic State Prevents Civilians From Fleeing Iraqi City of Ramadi (WSJ)
Frontrunning: December 1
Submitted by Tyler Durden on 12/01/2015 07:26 -0500- Global Stocks Edge Higher on Expected ECB Stimulus (WSJ)
- Moment of truth as Puerto Rico faces crucial debt payment (Reuters)
- Obama urges Turkey to reduce tensions with Russia, stresses support (Reuters)
- Russian Media Takes Aim at Turkey (WSJ)
- Support Grows for U.S. Commando Raids to Fight Islamic State (BBG)
- Yuan Drops as SDR Approval Seen Prompting PBOC to Reduce Support (BBG)
Global Stocks Start Off December With A Bang, US Equity Futures Rebound; Yuan Drops
Submitted by Tyler Durden on 12/01/2015 06:56 -0500- AIG
- Australia
- B+
- Bank of England
- Barack Obama
- Bear Stearns
- BOE
- Bond
- Borrowing Costs
- Central Banks
- Chicago PMI
- China
- Citigroup
- Consumer Prices
- Copper
- CPI
- Crude
- Crude Oil
- Dallas Fed
- European Central Bank
- France
- Germany
- Global Economy
- Greenlight
- High Yield
- India
- Investor Sentiment
- Italy
- Jim Reid
- Markit
- Mexico
- Monetary Policy
- Nikkei
- OPEC
- RANSquawk
- Reality
- recovery
- Stress Test
- Turkey
- Unemployment
- Volatility
- Yuan
There was something for everyone in last night's much anticipated Chinese PMI data, with the official number sliding to the lowest in over 3 years, suggesting the PBOC will need to do more stimulus and is thus bullish, while the unoffocial Caixin print rising to the highest since June, suggesting whatever the PBOC is doing is working, and is also bullish. Not unexpectedly, global stocks decided to take the bullish way out, and have risen across the globe led by Asia, where stocks rose as much as 1.8%, Europe also green and US equity futures up 10 points as of this writing.
China Manufacturing Slumps To 3-Year Lows And Soars To 5-Month Highs
Submitted by Tyler Durden on 11/30/2015 20:55 -0500Following the earlier onslaught of weak (and strong) economic data, China has revealed its official and Caixin-based PMI surveys for Manufacturing and Services. Sure enough, while China's official manufacturing data missed (to Aug 2012 lows), Ciaxin's survey beat, jumping to June 2015 highs. even as China's official Services PMI beat expectations, bouncing off 15-month lows. The question now is - given The IMF's inclusion of the Yuan in the SDR basket - will The PBOC devalue (as offshore Yuan implies) to juice a collapsing manufacturing sector... or is China's manufacturing now improving if one looks at the "other" PMI?
ISIS: Oil as a Strategic Weapon
Submitted by EconMatters on 11/30/2015 16:21 -0500The ISIS group sells most of its crude directly to independent traders at the wellhead for $20-$45 a barrel earning the group an average of $1.5 million a day.
Stocks End November With Nothing Despite Biggest Short-Squeeze In 6 Months
Submitted by Tyler Durden on 11/30/2015 16:08 -0500The IMF Confirms Yuan Inclusion In SDR Basket At 10.92% Weight, Above JPY And GBP
Submitted by Tyler Durden on 11/30/2015 12:03 -0500The IMF’s Executive Board decision today means that the yuan will be included in the SDR basket from Oct. 1, 2016, effectively anointing the yuan as a major reserve currency and represents recognition that the yuan’s status is rising along with China’s place in global finance. The weight in the basket will be 10.92%, larger than JPY and GBP. However, as politically-motivated as this decision may have been, now comes the hard part for China.
Gold Demand in China Heading For Record and Reserves Increase 14 Tonnes In October
Submitted by GoldCore on 11/30/2015 10:52 -0500While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015.
Key Events In The Coming Very Busy Week
Submitted by Tyler Durden on 11/30/2015 08:54 -0500As noted earlier, after last week's snoozefest, this week starts off with a bang when the IMF announces in a few hours it will accept the Chinese Yuan in the pantheon of world reserve currencies alongside the USD, EUR, GBP and JPY the only question being what the alotted weighing of the currency will be. Things then progress to tomorrow's global PMI numbers, Yellen speeches on the economy to the Economic Club of Washington and Congress (Weds/Thurs), the eagerly anticipated ECB meeting on Thursday and finally Friday's OPEC meeting and US payroll print - the last before the FOMC in 2 weeks time.





