Business

After repeated warnings about China's soaring non-performing loans on this site (here, here and here), which have underscroed the basis of Kyle Bass' "big trade for 2016", namely shorting China's currency in the bet it will have to massively devalue in order to address its incipient default cycle, virtually everyone is aware that China has a big Non-Performing Loan problem, a problem whose size we first quantified as much as $3 trillion, or the same amount as all of China's FX reserves.

Submitted by Dalan McEndree via OilPrice.com,

A post recently appeared online in which an ex-illuminati member apparently reveals all about their plans for the world. After spending 47 years as a high-ranking illuminati member, the anonymous insider says that he wants to reveal everything about the groups plans after it became “too much to bear” for him.

Submitted by SaxoBank's Dembik Christopher via TradingFloor.com,

The gas leak in Porter Ranch, California has been temporarily capped, according to the Southern California Gas Company.  Thousands of residents have had to evacuate their homes since the leak began last October, with huge numbers of residents complaining of illnesses linked to the gas leak at the utility’s Aliso Canyon facility. NBC reports: Residents complained of headaches, nausea, nosebleeds and other symptoms. Public health officials blame the ailments on an odorant added to the gas and have said there shouldn’t be long-term health problems.