As we previewed on Thursday, the biggest event of the week, and perhaps of the month, was not Friday's nonfarm payroll report, but the January update of China's FX reserves, which the PBOC released last night. The number came out at $3.2309 trillion, down $99.5 billion from the prior month, and $8 billion less than the December outflow of $107.6 billion.
The earnings season has started, and several major banks in the Eurozone have already reported on how they performed in the fourth quarter of 2015, and the entire financial year. Most results were quite boring, but unfortunately Deutsche Bank once again had some bad news.
Peer-to-peer lending is probably a bad idea.
Securitizing peer-to-peer loans is definitely a bad idea.
Are The Payroll Jobs Reports Merely Propaganda Statements?
Paul Craig Roberts
US economics statistics are so screwed up that they do not provide an accurate picture.
Be careful what you wish vote for...
Source: Investors.com