1. Do you know the adviser only to large invest funds, GMO's Jeremy Grantham
"Americans have a broad and heavy bias away from unpleasant data. We are ready to be manipulated by vested interests in finance, economics, and climate change, whose interests might be better served by our believing optimistic stuff "that just ain’t so." We are dealing today with important issues, one so important that it may affect the long-term viability of our global society and perhaps our species. It may well be necessary to our survival that we become more realistic, more willing to process the unpleasant, and, above all, less easily manipulated through our need for good news."
2. Do you know the buyout king Carl Icahn ?
He Warns "Meltdown In High Yield Is Just Beginning"
Is the HY credit to Oil explorers like the mortgage junk bond in 2008?
3. Do you know new bond king Double Line's Jeff Gundlach?
He thinks the Fed should raise interest 4 years ago, now it's too late
4.Do you still have yuan?
One of the catalysts for today's selloff was the thoroughly unexpected announcement by the Chinese Foreign Exchange Trade System (part of the PBOC), Hints at substantially more devaluation of the Chinese currency, a currency which as is well-known, is pegged to a dollar which has been soaring in the past year, and which many believe will continue to soar after the Fed hikes rates.
This is what the CFETS said:
... it is consistent with international practice that CFETS publishes its RMB exchange rate index. Since the beginning of 2015, the trend of this index has been relatively stable. The index is 102.93 on November 30th, appreciated 2.93% from the end of 2014. This shows that, even though RMB has depreciated against USD since the beginning of this year, it has appreciated modestly against a basket of currencies. Therefore, RMB is relatively a strong currency among the major international currencies.
Lots of words to say one thing, China has revealed its own trade-weighted index, and this is how we explained why first thing this morning: "the Trade-Weighted Yuan is still too strong."
5. Where are we?
选择“Disable on www.wenxuecity.com”
选择“don't run on pages on this domain”
