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See original article: Third Strong Payroll Number +292,000; Unemployment Unchanged at 5.0%
China needs to prop up the yuan to slow capital flight.
Chinese capital flight is undoubtedly higher than the Wall Street Journal chart shows. For an explanation, please consider China Finds More Discreet Ways to Support the Yuan . Just because China is burning through its reported foreign-exchange reserves more slowly doesn’t mean it’s losing its commitment to support the yuan.
Read More: Former Dallas Fed President Richard Fisher Goes to Squawk Box Confessional: "We Frontloaded a Tremendous Market Rally"; Transcript…
Continued here: Is the Oil Bottom In? Reflections on Value, Volume, Other Ideas
Popular Science in its article " Congress Moves to Lift Ban on Using Russian Rocket Engines " claims: After Russia invaded Crimea, Congress swore off Russian rocket engines. But its ban on using these rockets to launch military payloads into space was perhaps a bit too hasty. A new bill approved by Congress has found a way to nullify the ban. United Launch Alliance (ULA), a joint venture of Boeing and Lockheed Martin that has long been the primary contractor for launching Defense Department payloads into space, relies on the Russian-made RD-180
Read More: Four or Five Rate Hikes in 2016? Really?
Continue reading here: Chinese Markets Halted in 14 Minutes 17 Seconds, Equities Plunge Another 7.32%
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