Submitted by Michael Krieger of Liberty Blitzkrieg
Their imminent departure from evening news programmes is not just a loss to their profession; critics say they were forced out as part of a crackdown on media dissent by an increasingly intolerant prime minister, Shinzo Abe, and his supporters.
Not even this morning's mandatory European open ramp has been able to push US equity futures higher, and as a result moments ago the E-mini hit session lows on rising concerns about Brexit as talks drag on in Brussles, but mostly as a result of overnight confusion about China's loan explosion and whether the PBOC has lost control over its maniacally-lending banks.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The stark truth is nobody wants yuan any more.
The U.S. dollar (USD) has gained over 35% against major currencies since 2011.
One of the more stunning economic updates this week was China's unprecedented surge in Chinese loan creation, when as reported earlier this week, China unveiled a whopping CNY3.42 trillion in Total Social Financing, its broadest debt aggregate, an amount greater than half a trillion dollars, of which CNY2.51 trillion was in new bank loans.
China may not have troops or planes in Syria but that doesn’t mean it won’t be a part of World War III.
Even as the eyes of the world are now trained squarely on the Mid-East where the Russian and Iranian assault on Aleppo is set to draw the Saudis and the Turks into a ground war, the dispute over a tiny chain of islands in the South China Sea is still simmering.