Bad news is once again good news... for stocks that is.
After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, and said there is no basis for further Yuan devaluation, something the PBOC has said consistently over the past year, despite two sharp devaluation episodes.
Submitted by Jeffrey St.Clair via Counterpunch.org,
Poor ISIS. Try as they might, the men in black still can’t out-terrorize their enemies or, more pointedly, even their patrons. For the past three years, decapitations have served as the money shots for ISIS’s theater of cruelty. Then on New Year’s Day the Saudis upstaged ISIS by audaciously chopping off the heads of 47 men, including a prominent Shia cleric.
The Neoconservatives Are Brewing A Wider War In Syria
Paul Craig Roberts
While you are enjoying your Sunday, the insane neoconservatives who control Western foreign policy and their Turkish and Saudi Arabian vassals might be preparing the end of the world.
Any person who relies on Western media has no accurate idea of what is happening in Syria.
I will provide a brief summary and then send you to two detailed accounts.
For the past two years, while largely nonchalant with broader price levels, the Fed has been warning about two particular asset bubbles: that of easy lending particularly in junk bond, and of a commercial real estate bubble. Following the recent rout which has seen the biggest HY selloff since the financial crisis, especially in the energy sector, it is safe to say that the junk bubble has burst - the only question is how much worse it will get before it bottoms (UBS had some unpleasant thoughts on that matter).
Originally posted at The Daily Bell,
Stock markets suspect Federal Reserve has interest rate jitters ... Hints that the Fed won't raise interest rates in March are proving to be good news for miners and oil producers' share prices The Federal Reserve's William Dudley said further strengthening in the dollar could have 'significant consequences' for the health of the US economy. – UK Guardian
Blame it on the dollar!