Yesterday's sharp Chinese selloff is now a distant memory after the BTFDers emerged, and this morning U.S. equity futures are once again levitating as the FOMC begins its two-day policy meeting, following an uneventful BOJ announcement on Tuesday morning which left all QE parameters unchanged. Asian stocks traded mixed steady while European shares climb.
China manufacturing PMI tumbled from 5-year highs in October as officials increasingly prioritize a campaign to clamp down on polluting industries and rein in debt. Non-manufacturing took an even bigger hit, also disappointing expectations, as the lagged impact of China's deteriorating credit impulse begins to weigh...
Is It Insanity, Evil, or Both that Has the Western World in Its Grip
Paul Craig Roberts
As the presstitute media has no allegiance to truth, one has to wonder if we can even believe obituaries.
For what it is worth, perhaps nothing, the presstitutes report that three US aircraft carrier battle groups are off North Korea or on the way there.
Who could have seen this coming?
After weeks of 'calm' - demanded by The People's Party - and well-managed 'National Team' ramps top 'prove' how much Xi's plan for the nesxt five years is being received, the end of China's National Congress has been met with... a plunge in stock and bond markets.
This is the biggest drop in the Chinese market in 11 weeks...
But it's not just stocks. The Chinese bond market is getting slammed...
How things change in crypto - in January 2017, before the crackdown by the authorities, China accounted for nearly 100% of bitcoin trading...
In the “golden era” of Chinese crypto trading, mainland operators built up considerable expertise before they were forced out of business. Some of those operators of Chinese exchanges are setting up again in “friendlier” jurisdictions around Asia, as Bloomberg reports, and their aspirations are global.