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View article: Chinese Stock Market Nosedive Continues; China Warns of Panic, Irrational Selling; Over Half of Companies Halted; Pent-Up Demand…
The Guardian discusses practical math in With a Return to the Drachma Unwanted, Could Greece Just Print its Own Euros? It is certainly physically capable of doing so: the Greek central bank owns a press in Holargos, a suburb of Athens, that once printed drachma and is currently one of 14 high-security currency printing works across the eurozone producing euro banknotes. But actually going ahead and printing unauthorised notes would amount to a declaration of war on the European Central Bank.
Also consider Investors Still Not Convinced by Beijing’s Bid to End US$2.8 Trillion Market Rout . The brevity of a relief rally on Monday morning shows investors are yet to be convinced by the slew of measures announced after a weekend meeting of the State Council, China’s cabinet, chaired by Premier Li Keqiang.“Senior policymakers realise that, because of the leverage in the system, stock market declines create a ripple effect that could damage the wider economy, so this is all about preventing a spreading panic that could trigger a systemic crisis,†Lu Ting, head of research at Hong Kong-listed mainland brokerage HTSC, told the South China Morning Post. An initial 7 per cent rally for Shanghai and Shenzhen A shares in response to measures that included liquidity support for the state-backed margin lender China Securities Finance Corporation from the central bank had faded by the lunch break, with the Shenzhen Composite Index falling back into negative territory
Anyone recall Roosevelt’s Executive Order 6102 outlawing gold? Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States"
Read More: Divided Greece; Eve of Referendum Polls Split; 20,000 Rally ‘No’ and 20,000 Rally ‘Yes’; Back Home From 17…
Link: Knife-Edge Greek Referendum; Voting Booths Closed; Four Polls Show ‘No’ in Slight Lead; Schäuble Campaigned For ‘No’
Please consider TransAsia Crash Pilot Pulled Wrong Throttle, Shut Down Sole Working Engine . The captain of a TransAsia Airways ATR mistakenly switched off the plane’s only working engine seconds before it crashed in February, killing 43 people, Taiwan’s Aviation Safety Council (ASC) said in its latest report on Thursday. The ASC’s report also showed that Captain Liao Jian-zong, who was at the controls, had failed simulator training in May 2014, in part because he had insufficient knowledge of how to deal with an engine flame-out on take-off
More: Aging Trucker Workforce Coupled With Increased Demand Provides Strong Incentive for Trucking Robots
Today we also learned the Syriza Left Demands ‘Icelandic’ Default as Defiance Stiffens .
See the original post: Shifting Sentiment in Spain: 2011 vs. 2015; Could an Anti-Euro Party Win the 2015 Spanish National…