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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%
View article: Merkel Cancels Davos Trip, Warns Refugee Sex Offenders Part of Organized Crime
Visit site: Mexico Blames China for "Frankly Perverse" Currency Wars Then Joins Mad Intervention Party
See original article: Hoisington 4th Quarter Review: Failure of the Fed, How QE Acts to Contract the Economy
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China needs to prop up the yuan to slow capital flight.
Read More: Former Dallas Fed President Richard Fisher Goes to Squawk Box Confessional: "We Frontloaded a Tremendous Market Rally"; Transcript…
Continued here: Is the Oil Bottom In? Reflections on Value, Volume, Other Ideas
Continue reading here: Chinese Markets Halted in 14 Minutes 17 Seconds, Equities Plunge Another 7.32%