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China Trade Plunges, Yuan Tumbles Near Lowest Level In 4 Years
With just nine days until The Fed - which has prepared the world, apparently - will raise rates for the first time in years (and potentialy suck up to $800 billion of liquidity from the global collateral chains of shadow stability), it appears China is doing its best to start some destabilizing efforts (which worked last time). None of this is helped by the collapse in China trade (with imports down YoY for a record 13th month, and exports falling for 5 straight months).
Onshore Yuan ands Shanghai Composite volatility is rising notably as the Chinese currency continues to be allowed to tumble, set for its weakest close against the USDollar in 4 years...
And Chinese equity markets remain supported for now, but underlying selling pressure keeps reappearing...
Charts: Bloomberg
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Seems.. the lower the Yuan travels vs USD, the higher it moves up the reserve currnecy list..
SWIFT: China’s Yuan Now World’s No. 4 CurrencyI thought China was growing 7% a year. What?
The Commie Chinese and lame stream media would never lie
Coinhead would never lie to yous. Billion dollar Bitcoins.
https://localbitcoins.com
Sum Ting Wong
We can all hear the screeching and rumblings becoming louder and louder as they get closer. The wheels are coming off this train.
Speaking of wheels coming off the train:
https://www.aar.org/newsandevents/Press-Releases/Pages/2015-12-02-railtr...
It's still all about Gold.
Always has. Gold is money, the rest is ponzi debt fueled fiat bullshit
Don't be a fucking goof. Bits and Bytes are real money.
Work is real money.
Ooops> Shanghai Interbank Offered Rates
WTF? Talk about "yield inversion", look at Over Night vs Two Weeks.
How are your chocolate coins doing? Going to get some more in your st0ckIngs?
How's 76 cents on the $Kanukistan treating you?
I'll bet you're spending much more time in the basement Phone Star? How's your [bitchit] MINING business treating you?
* I didn't red arrow you.
Show me some "block chain" Phoney Star?
I did the red arrow. It was me!
There are posters in here that make good, reasoned arguments for bitcoin, but you, coinhead, are not among them.
You have devolved into annoying, smartass trolldom.
I will wear a red arrow from you as a badge of honor.
Good on ya.
whAt d0 vous mean? coinhead.PAL was all-ways trolld0m and hsa not "devolved" into ayntihng.
Phone Star: you're an intelligent individual, and haven't realized your true potential.
+1.
At least you own it.
And I'm not your pal, buddy.
Never let a crisis go to waste
http://www.imf.org/external/mmedia/index.aspx
the Chinese are happy to sell Walmarty exports for a cheap yuan.
with wars that they started ramping up, the US is happy to sell military equipment to a locked in NATO customer base for an expensive dollar.
To most of the the world China's economy remains veiled behind a shroud and is far from transparent. Not only because China is far away from our shores, but the fact is their economy is very controlled by the government that acts as its puppet master and corruption has flourished. The bottom-line is we often have a difficult time getting real information on what is happening. To many of us it has become clear that China is in a situation similar to what America faced in 1929 following a period of rapid growth and credit expansion.
This is written not to diminish the accomplishments of China or to question their progress, but to point out much of what we have witnessed is the result of one time factors that have largely played out. Several factors have drastically changed politically, socially and from a military perspective since the days when America fueled China's growth. The article below titled, "China's Veiled Economy" highlights some of the reasons for doubting China.
http://brucewilds.blogspot.com/2015/12/chinas-veiled-economy.html
This VWAP chart tyler? (current ES h-4) Lines are "standard deviation" 2%
I'm tired, and waiting for London. ha