Greece is urged to stick to economic reform after MPs rejected the government’s presidential nominee, triggering snap elections.
China’s Leading Index has fallen to its lowest since Feb 2009 this evening, down 4 straight months from credit-driven 18 month highs. This economic weakness has exaggerated the already weak tone in Yuan trading this evening pushing CNY to its weakest in almost 7 months (against the USD), its furthest on record from the CNY Fix (10-month highs), and very close to the PBOC’s upper +2% band for CNY trading. At 6.23, USDCNY is over 1000 pips weaker than the CNY fix. We suspect the weakness in Yuan is also driven by further corruption crackdowns as China will require VIP gamblers in Macau to undergo a record check.
Submitted by Ron Paul via The Ron Paul Institute for Peace and Prosperity,
One hundred years ago last week, on Christmas Eve, 1914, German and British soldiers emerged from the horrors of World War One trench warfare to greet each other, exchange food and gifts, and to wish each other a Merry Christmas. What we remember now as the “Christmas Truce” began with soldiers singing Christmas carols together from in the trenches. Eventually the two sides climbed out of the trenches and met in person. In the course of this two day truce, which lasted until December 26, 1914, the two sides also exchanged prisoners, buried their dead, and even played soccer with each other.
Natalie Heimel and her fiancé, Edward Mallue Jr., a pair of captains in the Army, received two letters from President Obama in less than 24 hours as they prepared for their wedding ceremony at Kaneohe Klipper Golf Course in Hawaii. The first, a nicely worded regretful but congratulatory RSVP to their wedding invite… and the second, as Bloomberg reports, informing them that their wedding would have to be moved since President Obama wanted to play through.
It appears, despite all the promises, all the lies, and all the constant propaganda, that foreign investors have finally seen right through Shinzo Abe’s risible plan to revive the Japanese economy by crashing its currency (just like Russia?). As Bloomberg reports, after pumping record amounts of cash into Japanese shares last year, they’ve hardly added to holdings in 2014. Inflows are down 94 percent this year to 898 billion yen ($7.5 billion), on pace for the smallest annual amount since the 2008 global financial crisis.
Asian shares traded lower as political uncertainty in Greece and a selloff in commodities weighed on investors’ appetite.
Submitted by Michael Snyder via The End of The American Dream blog,
Do you know people that seem like they have had their souls sucked out of them?
Chinese smartphone maker Xiaomi becomes the world’s most valuable technology start-up just four years after it was founded.
World GDP Growth Expectations for 2015 just dropped dramatically to their lowest since expectations began to be tracked. From 3.40% in early 2013, the consensus is expectating world economic growth at a mere 2.72% (a 20% decline in growth expectations). Of course, there is one thing that is not going down…