Another good one.
In a stunningly honest admission from the governor of China’s central bank, he exclaimed multiple times to his G-20 colleagues that a bubble in his country had “burst.” In fact, while Secretary of the Treasury Jack Lew paints China as a currency manipulator, China’s downturn has created worldwide deflation as seen in the Core Personal Consumption Expenditures index and the CRB Index.
The current situation is slowing creeping at this point towards a bad outcome. As an example, the European Central Bank is monetizing over half of the gross issuance and 12% of the Eurozone GDP. While over in Japan, the Bank of Japan cannot continue its current QE program and will have no choice but to start tapering it down. In South America, Venezuela is running at 808% inflation. In the U.S., stocks dropped 273 points after jobs…
View original post 372 more words