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Chinese Interbank Lending Freezes, Forcing Massive Intervention By China's Central Bank

Chinese Interbank Lending Freezes, Forcing Massive Intervention By China's Central Bank

China is finding itself in an increasingly more untenable situation, trapped on one hand by its sliding currency (and declining reserves), which as noted earlier it has manipulated higher by forcing overnight unsecured rates to spike, in the process punishing  "speculators" and other shorts...

 

Markets Award Trump Nobel Prize In Economics

Markets Award Trump Nobel Prize In Economics

Submitted by Jake Weber via GarretGalland.com,

It took only nine days in office for President Obama to be nominated for the Nobel Peace Prize.

Less than nine months later, the Norwegian Nobel Committee followed through and awarded Obama the Nobel Prize for “his extraordinary efforts to strengthen international diplomacy.” That, despite the fact Obama had no significant diplomatic accomplishments.

Hedge Fund CIO To Michelle Obama: 22x Trailing Earnings Is What Hope Really Feels Like

Hedge Fund CIO To Michelle Obama: 22x Trailing Earnings Is What Hope Really Feels Like

In his characteristic third-person style, One River Asset Management's Chief Investment Officer Eric Peters takes on all-comers in his latest letter to investors; lamenting the rapidity of losses, juxtaposing Michelle Obama's "hopeless" America with the US equity markets' near-record "hope", and denouncing the scourge of risk managers everywhere - central bankers...

Hope all goes well...

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