Offshore Yuan tumbled as Moody's cut China's credit rating to A1 from Aa3, saying that the outlook for the country’s financial strength will worsen, with debt rising and economic growth slowing. This leaves the world's hoped-for reflation engine rated below Estonia, Qatar, and South Korea and on par with Slovakia and Japan.
Those of us who have exited The Matrix are concerned that there are no checks on Washington’s use of nuclear weapons in the interest of US hegemony over the world.
Washington and Israel are the threats to peace. Washington demands world hegemony, and Israel demands hegemony in the Middle East.
Authored by Federico Pieraccini via The Stratgic Culture Foundation,
China's $1.7 trillion government-bond market is turning curiouser and curiouser...
In a fresh sign of the nerves among investors caused by Beijing's campaign this spring to make Chinese markets less risky, the yield on seven-year government bonds rose to 3.79% on Monday, above the yield on both five-year and 10-year bonds.
While tense trade negotiations between the US and Mexico over the price and quota for U.S. imports of Mexican sugar continue (a happy ending appears unlikely, especially after a Mexican sugar company on Friday called on the government to take action against American fructose producers and protect the local industry from US deals), a new protectionist measure involving sugar half way around the globe was unveiled on Monday when China - the world's biggest importer of the sweet substance - said it will impose significant penalties on sugar imports following lobbying by domestic mills.