As quick primer on China: the more something is "liberalized", the worse it is for local - and global - risk assets since all risk "assets" in China are so grotesquely manipulated, the resulting price discovery is always violent and spills over to the rest of the world as 2016 has so far demonstrated; alternatively, the more the government intervenes to stabilize any given asset, the better it is for local - and global - risk assets, as it means the distortion in price levels and capital allocation will continue at least a little longer, i.e., the proverbial can ki
When we previewed yesterday's Chinese trading session, which far more important to the US market than today's Nonfarm payrolls report (Exp. +200K, 4.9% Unemployment rate), we said to "keep an eye on the Yuan fixing around 8 pm: if the USDCNY sees another substantial jump (i.e., Yuan decline) from last night's 5 year low rate of 6.5646, this could suggest further turbulence and as all self-fulfilling prophecies go, unleash another pukefest which not even the circuit breaker adjustment will fix.
Monsanto knowingly released herbicide Roundup (glyphosate) to the public, knowing it was cancer-causing, some 40-years-ago an independent inquiry has discovered. A series of secretive studies reveals that Monsanto hand-picked selective data from a dozen different experiments in order to falsely claim that Roundup was safe to use on crops consumed by humans.
Submitted by Gail Tverberg via Our Finite World blog,
What is ahead for 2016? Most people don’t realize how tightly the following are linked: