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Read the original: Europe Fears Bail-Ins: Capital Flight Intensifies in Italy, France, Spain; Are German Banks Safe?
Continued here: China Declares War on Currency Speculators; Interbank Yuan Rates Spike to Record High 13.4%
Visit site: Mexico Blames China for "Frankly Perverse" Currency Wars Then Joins Mad Intervention Party
Visit link: Wholesale Trade Down 1%, Inventories Down -0.3% but Inventory-to-Sales Ratio Rises
China needs to prop up the yuan to slow capital flight.
View the original here: Factory Orders Decline Again, Previous Month Revised Lower
More here: December US New Car Sales "Down, Exceptionally Weak" Says Bloomberg; WSJ Says Up and Strong
An article just came my way expressing that same viewpoint. It’s a New York Magazine Interview With Michael Burry, Real-Life Market Genius From The Big Short , head of Scion Asset Management
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A "Mish Together" January 5, 2016 Posted by Michael Shedlock at 2:22 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)