Hard hitting global and local news
Don’t Worry, IMF Says "Premature" to Speak of Chinese Crisis Growth in China is slowing rapidly. How rapidly is a subject of much debate. Today, a senior IMF official says ‘Premature’ to Speak of Chinese Crisis .
The objective of the Western media is not truth, but rather to undermine the current government while attempting to exonerate Thaksin Shinawatra –  leader of an ousted client regime groomed by and in the service of Western interests  since as early as the 1990’s. To confront this intentional, politically motivated manipulation, it may be useful to examine several key questions facing any investigation and answer them with what real evidence now stands.
Flashback January 9, 2015: ​ Major Oil Traders Book Tankers for Stockpiling Crude at Sea . A continuous fall in global oil prices has prompted major oil traders to start hiring supertankers as they can benefit from stockpiling crude oil at sea. The oil giant Shell and energy traders Trafigura and Vitol have booked crude tankers for up to 12 months, said Reuters, referring to the fixture lists provided by tanker brokers and oil traders.
Net Moves Since China Devaluation Posted by Michael Shedlock at 1:11 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
CME FedWatch 2015-08-20 Rate Hike Odds The CME concludes there is a 23.57% chance of a hike. This is bad math because the CME ignores ranges. If the Fed comes flat out and sets a target rate of precisely 0.25% that is a hike from here
Instead, and as widely expected, Alexis Tsipras to ‘Step Down and Call Snap Elections’ . The Greek prime minister, Alexis Tsipras, has decided to step down and call snap elections for 20 September, government officials said
Titled, " Revising U.S. Grand Strategy Toward China ," the report states in no uncertain terms: Because the American effort to ‘integrate’ China into the liberal international order has now generated new threats to U.S. primacy in Asia—and could result in a consequential challenge to American power globally—Washington needs a new grand strategy toward China that centers on balancing the rise of Chinese power rather than continuing to assist its ascendancy
See the article here: Plotting the Fed’s Baby Step 1/8 Point Hikes; Yellen vs. Greenspan "Measured Pace"
Housing Regulator Wants to Throw the Drowning Poor an Anchor; Mish Alternative Proposal Now that home prices have recovered from the Great Financial Crisis to the point of being way overvalued again in many areas, a Housing Regulator Targets More Support for Poor Borrowers . The regulator for U.S
With that hike, Chicago Now has America’s Highest Sales Tax . Chicago has long had a steep sales tax, but a vote by Cook County commissioners Wednesday night made the city’s rate the highest of any major city in the nation