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.
The United States are to re-open a Cold-War era military base in Iceland amid deteriorating relations with Russia, the U.S. military have announced. The plans have been kept secret from the public and the Prime Minister of Iceland himself, until now. Sputniknews.com reports: “A lot of Icelanders are worried,” Paul Fontaine, news editor with the Reykjavik Grapevine, told Radio Sputnik.
Republican hawks are aflutter today over China’s installation of anti-aircraft missiles on Woody Island in the South China Sea.
But do these Republicans, good free-traders all, realize their own indispensable role in converting an indigent China into the mighty and menacing power that seeks to push us out of Asia?
Authored by Eric Zuesse,
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.