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On Thursday, I saw this MarketWatch headline: China Serious about Dropping Dollar Peg. I was totally unimpressed after reading the article. China will not do the one thing it has needed to do for decades: Let the Yuan float.
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Read More: Is Mario Draghi a Bare-Assed Emperor With No Clothes?
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4th Quarter GDPNow Forecast Sinks to +0.6 Percent; Fed Futures Target 1 Hike in 2016; Disastrous Data Recap Posted by Michael Shedlock at 5:30 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).
Link: Producer Prices Decline More Than Expected, Services Disappoint; Oil Approaches $29
See more here: Corporate Bond Rates Go Negative in Japan; No End to Central Bank Madness
See more here: Industrial Production Numbers and Revisions Shockingly Bad; Autos Have Peaked