“We know things are upside down when we have an Italian central banker and a German pope. That’s not the way it is supposed to be,” said Steve Cortez of Veracruz Research.
http://www.madhedgefundtrader.com/november-18-2011-quote-of-the-day/
The last surviving broker of the Hunt Brothers recalls the famous silver market event.
http://www.madhedgefundtrader.com/revisiting-the-first-silver-bubble/
A driver in Foshan, South China, ran over a 2 year old girl named Yueyue (小悦悦) twice, rather than face the hassle of a possible lawsuit. Meanwhile, 18 people walked by the seriously wounded girl, ignoring the situation until a female scrap collector stopped and brought her to the hospital. The girl died from severe injuries a couple of days later. The entire incident was captured on a very graphic video.
The ECRI has a good track record with economic cycle forecasts.
If ECRI is right, then the SPX may have more than 10% downside in the next couple months.
http://www.businesscycle.com/reports_indexes/reportsummarydetails/1091
Liquidity outflow… the chatter about a China hard landing is growing.
A >5% CNH downside swing is just a possibility, not a certainty. In fact, not even a high probability event. Though we suppose people have underpriced this probability. Perhaps some have confused the characteristics of onshore CNY with offshore CNH. The CNY and CNH have different volatilities and serve different political/economic purposes.
Some Dim Sum bonds (CNH denominated bonds) are leveraged 10:1 and financed in USD.
AUD is close to a critical level, if the $1 parity level doesn't hold, the next support level is 0.9.
Prices of Australian properties are declining for the first time in 10 years.
What's the implication for Australian Dollar and Australian banks?
"Home and apartment prices in Melbourne are down 3.9% this year to A$485,000. In the Western Australian capital of Perth, prices are down 2.4% to A$461,000, according to RP Data-Rismark. Sydney has side-stepped some of the weakness, up 0.5% over the past 12 months, but still off 1.3% since the start of this year to A$515,000. "" """
A must watch video, hilarious exchange between the hosts. I think they exaggerated the merits of QE (量化寬鬆 ) , but their analysis on the Chinese economy's current predicament is spot on.
http://langxianpingblog.blog.163.com/blog/static/822127262011619104610158/