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View post: El-Erian: "This Will Not Derail the Economy"; Contradictions and Friendly Disagreements; Six Points El-Erian Misses
Chinese Stocks Extend Slide, Down Another 6%; S&P Futures +38 Points, Nasdaq Futures +71 Following a day in which only 6 out of 500 S&P 500 stocks rose, a snap back of some sort was in order.
Please consider the Vox article China’s Latest Stock Market Crash, Explained .
Another Asia-Pacific Equities Bloodbath Posted by Michael Shedlock at 8:57 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.
Read More: Huge Glut in European Dairy Cows and Milk Coming Up
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 .
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.
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
See the article here: Plotting the Fed’s Baby Step 1/8 Point Hikes; Yellen vs. Greenspan "Measured Pace"
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