"If one is looking for key technical indicators to ring the bell on the cyclical bull market- maybe it has just rung loud and clear. A renminbi devaluation will only sever an already badly frayed safety rope..."
As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse.
"Across the whole country, a pogrom mood prevails that is gathering an explosive intensity."
Investment expert, Harry Markopolos, wrote detailed letters to the SEC for years, raising red flags that Bernie Madoff was running a Ponzi scheme – only to be ignored by the SEC as Madoff fleeced more and more victims out of their life savings. Today, there are two equally erudite scribes who have jointly been flooding the SEC with explosive evidence that some Exchange Traded Funds (ETFs) that trade on U.S. stock exchanges and are sold to a gullible public, may be little more than toxic waste dumped there by Wall Street firms eager to rid themselves of illiquid securities.
World Succumbs To Zika Panic: Puerto Rico Declares Emergency; Plane Cabins Sprayed; CDC Says "Use A Condom"Submitted by Tyler Durden on 02/05/2016 18:33 -0500
Guess who will be blamed in a few months when global trade, commerce, and growth all go negative?
When looking at the current state of the Chinese economy it is important to note what happened leading up the ongoing predicament.
The map is not the terrorist...
With President Obama unveiling his $10/Barrel tax plan to fund government-subsidized public transportatation (versus an individual's choice over his method transportation), we thought a glimpse at the pros and cons of such a choice may be useful...
"More monetary stimulus, wherever it is in the world, isn’t the answer for a global economy still trying to find a new growth path. Pay attention to bonds and ignore the sirens of the stock market."
"This time it has been the USD which has been the focal point. Investors continue to rotate through a vicious circle of concerns on China, commodities and US growth and with a still large long position, further near-term USD losses are likely as broader US data momentum remains weak."
Enterprise Products Partners has told at least some counterparties that it is experiencing delays in delivering crude from its tanks, according to three sources who were informed of unspecified "terminalling and pump" issues. The hiccups may be a sign of things to come as traders fear a further increase in stocks at Cushing would test the upper limits of tanks and cause the next leg of an 18-month rout.