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China’s Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "Worthless" Certificates of Confiscation
January 8, 2016 0

China’s Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "Worthless" Certificates of Confiscation

By News Desk

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.

Washington Quietly Lifts Sanctions on Russian Rockets
January 7, 2016 0

Washington Quietly Lifts Sanctions on Russian Rockets

By News Desk

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

Diving Into the Revisions: Construction Spending Revised Lower 7 Consecutive Months! 2015 GDP Will Decline vs. Estimates: By How Much?
January 5, 2016 0

Diving Into the Revisions: Construction Spending Revised Lower 7 Consecutive Months! 2015 GDP Will Decline vs. Estimates: By How Much?

By News Desk

PCE declined by 0.13.  That’s a total of decline for those three components of 0.37 percentage points. Part of that decline was based not only on revisions, but also on a month-over month decline in November construction spending of 0.4 percentage points. If 3/4 of the decline in those components is due to construction spending, then I estimate third quarter GDP will be revised about .57 percentage points lower, second quarter .56 percentage points lower, and first quarter .21 percentage points higher