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The IMF released a new analysis on the instability stability of the Chinese financial system. Speaking to the media in an online briefing, some of the insights from Ratna Sahay, deputy director of the IMF’s Monetary and Capital Markets Department, hardly advanced our knowledge much.

Sahay noted that “Risks are large. Having said that, the authorities are really aware of risks and they are working proactively to contain these risks.”

Authored by Zainab Calcuttawala via OilPrice.com,

Tesla is not the only one bringing electric engines to cargo transport.

China just launched its first all-electric cargo ship, which will travel 50 miles at a top speed of 8 miles per hour on a single charge. Though it will be able to carry 2,200 tons of cargo with every haul, that battery capacity is barely enough to fulfill any transatlantic shipments. It will take just two hours to recharge, which is about as much time the vessel needs to unload at a destination.

What a difference a year makes: last December, just as the ECB was about to shock the market with the announcement of its first €20 billion QE tapering, macroeconomic data mattered, especially since the Fed's tightening intertia appeared to truly be data-dependent, if only for a very short period of time.

The Federal Reserve’s tools for achieving its dual mandate
of low inflation and full employment manipulate interest rates and therefore
markets.  This manipulation of rates reverberates
globally. Their manipulation historically had been more light handed and
invisible to most of the public.  However, over the last decade, their impact on
interest rates and yield levels have been the most dramatic in the history of
the Federal Reserve.