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What Happened After China's Last "Stealth QE"?
In a worrying sense of deja-vu all over again, today's rip higher reflects perfectly the US equity market's knee-jerk reaction to the last 'Stealth QE' from China on July 28th. That did not end well as hot money flowed out to the instantaneously "easiest" central bank in the world...
The USD dumped.. triggering algos to see risk-on carry trades and ripped stocks higher for the day... but that did not end well...
as fast money chased SHCOMP higher...
Chart: Bloomberg
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Get to work bitch
That's what he said...
Actually, I think the Chinese just took a shot across the US bow...and Uncle Vlad probably approves...
We print toilet paper like white boy.
"The race to debase is joined." The ruble has been utterly annihilated to the point of panic. "This is Wall Street in absolute power mode."
It just boggles my mind that 6 short years ago we had Lehman
Brothers fail. The amount of wealth created since then..especially given he worst post war recovery in history and my current financial state...and yes I am still a bull...simply blows me away.
The move in Sears Holdings is a cautionary tale IMNSHO.
It is not the job of Wall Street to move the economy forward...nor has it ever been.
And yet...
That would be 'round-eye'...
Exactly, it's the ol chess vs checkers analogy that applies again!! The Chinese and Russians are also buying gold, silver, oil and any other natural and physical resource on the planet like their hairs on fire, and stockpiling it in the basement of their MIC, the West is "selling debt" and everything that's not nailed down, for fiat toilet paper, no shit the Chinese and Russians want the party to go on longer, wouldn't you! It's like your at our buddy's house and his girlfriend is giving you a great blowjob, while he plays xbox cluelessly on the couch 5 feet away, and his mother is cooking you all his food and serving it too you on a platter, while his Dad brings you all his booze!!
But at some point, you'll have to cum, you'll be buzzed and full, and need to leave the house!! At which point you'll politely thank them, and leave, what your buddy's life looks like after your gone, who gives a fuck, that's his problem!!
http://media1.giphy.com/media/GQnsaAWZ8ty00/giphy.gif
http://3wisemenessentials.com/images/pig-fangs.gif
wonder if this will be seen as a panic move in the next few hours, or at least an opportunity to sell some holdings before tommorrow?
Sell Mortimer, sell !!!!
US Bond spike not holding too well ...USGBP pop fading
That dipshit Hilsenrath has also been running his yap today... I sure that didn't help the USD any either.
Hilsenrath says "considerable time" will stay in the Fed statement | ForexLive
Watching China, Japan, and the EU flail is part of central bank death watch:-) They're now too deep in shit to fix
anything:-)
Pretty funny when people BTFATH on "fake" QE......we really are pathetic.
Lol..... The communist central bankers of the world have a seemingly never ending bag of tricks up their sleeves.
PBOC still making rookie mistakes.
Bernanke quickly learned (well, maybe not so quickly) not to put a dollar amount or time frame on QE, lest the market think "not enough"
China wil have all that bad debt fixed in three months. Trust me:-) I gotta run now. Stockpiling copper for the global boom
that's just around the next corner. Har.
Never put a cap on your lies.
So many "dirty shirts" to choose from...
at the end of the day I hope this does not come down to demographics...
PM spike fading fast, USD recovering losses.
And meanwhile US stocks just keep climbing, because any money printing anywhere in the world just gets hoovered up by the Wall Street vortex.
DXY has clawed back above 84
Listen. Let me be clear. There is no shame in "CANCER". It's not a lobotomy. It's OK, no stigma but also no way to "DISINFECT".
Let me repeat this again:
Which part of ......CENTRAL COMMAND..........is not clear enough?
Should be good for another 5% rise in super-prime London property by yearend.
The last stimulus package after 2008 left China over done! Fast growth tends to mask flaws and weakness within a system, and China has been growing like a weed for years. To make things worse many of the investment decisions were driven by politics and often influenced by corruption. This has created massive overcapacity. Money has been poorly allocated and often shoveled into deep holes like ghost cities and bridges to nowhere.
Currently the big 6.6 trillion dollar spending spree used as stimulus to combat global economic slowdown is coming back to haunt China. While it greatly expanded credit it also created huge overcapacity during the past five years. A massive debt crisis now looms in the offing. At stake are trillions of yuan in bank loans that companies producing everything from ships to steel to solar power are struggling to repay as the world’s second-largest economy in in the mist of a major slowdown and the weakest annual growth since 1999. More in the article below.
http://brucewilds.blogspot.com/2013/11/china-land-of-overcapacity-and-de...