Tag Archives: carry trade

And We Criticize China? All Major Index Futures Halted

And a U.S. news service didn’t have the balls to report it. From UK Reuters – the U.S. media has not reported this:

S&P 500 and DOW Circuit Breakers Hit

They let the market run when it’s spiraling higher non-stop, but they can’t take it when the forces of nature take the market back the other way. This country is just as bad, if not worse, than China…

NYSE circuit breaker

Blame it on China. Ignore the fact that the primary source of all of the world’s bubbles is the U.S. dollar bubble. How’s that interest hike looking next month, Janet?

The more I considered all of the evidence, the more I am convinced that China knew exactly what it was doing when it initiated its yuan devaluation. It knew that the bubbles in the U.S. were being driven by the U.S. dollar and debt soured carry trades.

China was the first to fold its cards and sprint for the exist – before the exit became too crowded to get out. Everyone was looking at their Treasury holdings – their cards laying face-up on the table. It was the trump cared in their hand that no one saw coming…

Well played, China.