Is China's "National Team" Now Bailing Out US Markets?
Submitted by Tyler Durden on 01/20/2016 - 17:13
Many people wondered what the trigger for today's massive short-squeeze was. We may have found the answer.Right as the "Most Shorted" stocks started to soar, someone decided to buy offshore Yuan with both hands and feet (yes in the middle of the US day session). This held up until the NY close... and now offshore Yuan is fading back fast. So did China's "National Team" step in to save the world today?
War On Cash Escalates: China Readies Digital Currency, IMF Says "Extremely Beneficial"
Submitted by Tyler Durden on 01/20/2016 - 19:20
Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) currencies. Just as we warned most recent here, state wealth control is the goal and, as Bloomberg reports, The PBOC is targeting an early rollout of China's own digital currency to "boost control of money" and none other than The IMF's Christine Lagarde added that "virtual currencies are extremely beneficial."
It Is Now Cheaper To Rent A Dry Bulk Tanker Than A Ferrari
Submitted by Tyler Durden on 01/20/2016 - 15:46
ISIS Cuts Fighters' Pay By 50%, Cites "Exceptional Circumstances"
Submitted by Tyler Durden on 01/20/2016 - 17:15
"Provisions will still be distributed twice a month as usual"...
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