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The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold
Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)
European stocks rebounded after a downbeat start, aided by a return to the post-Euro open momentum ignition in the USDJPY while Asian stocks rose after China shares surged 1.5%, the most since August. For now S&P futures are fractionally in the red, although we expect them to turn progressively higher as US traders get to their desks to frontrun the now traditional "post open" ramp.
Update: Sec. of State Rex Tillerson has issued the following statement:
“North Korea launched yet another intermediate range ballistic missile. The United States has spoken enough about North Korea. We have no further comment.”
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Back in October 2015, roughly around the bottom of the recent commodity cycle, we reported a stunning statistic: more than half of Chinese companies did not generate enough cash flow to even cover the interest on their cash flow, and as we concluded "it is safe to assume that up to two-third of Chinese commodity companies are now at imminent danger of default, as they can't even generate the cash to pay down the interest on their debt, let alone fund repayments."
There is so much excess liquidity in China that an 18-year-old Romanian model has agreed to sell her virginity to a "very friendly" - and generous - Hong Kong businessman for the "life-changing" sum of $2.45 million (€ 2.3 million).