- Green Shoots, Exit Strategy, No QE3
- It’s “Heads You Win, Tails You Don’t Lose” With This Currency
- Kan Vows to Boost ‘Green’ Power to 20 Percent by 2020
- Second Biggest Weekly Drop Ever in Treasurys Held in Fed’s Custodial Account
- Dollar Gains Versus Most-Traded Counterparts as Stocks Tumble; Euro Drops
- UK Government to Work with Business on Plans to Tackle Peak Oil Threat
- Cancer Now Leading Cause of Death in China
Green Shoots, Exit Strategy, No QE3 (Claire H.)
One should constantly remember that no solution to the financial crisis has been installed, nothing fixed, no big banks liquidated, no end to monetary inflation, no end to outsized USGovt deficits, no end to secretive subterranean support of stocks and bonds, no revival of the housing market, no discharge of big bank home inventory, no return of US industry from Asia, no interruption to the endless costly wars, no end to the propaganda obediently pumped out by the US press & media networks, and no change of Goldman Sachs running the USGovt finance ministry. Expect no change in anything that you believe in. Expect no change to the 0% policy (ZIRP) with no change to the heavy monetary inflation (QE), as the path to ruin is set, and the policy of Inflate to Infinity cannot be stopped.
One of the most interesting things going on here in Hong Kong at the moment is the gradual displacement of the US dollar, and even the local Hong Kong dollar, by the Chinese Yuan. Walking around town, the signs are obvious: from shops that gladly accept Chinese Yuan cash for the goods they sell, to the money changers which now ALL display the Hong Kong dollar / Chinese Yuan cross-rate much more prominently than the US dollar / Hong Kong dollar cross rate.
Prime Minister Naoto Kan set a high hurdle for Japan, pledging in a May 25 speech here to increase the ratio of power generation using renewable natural energy sources to 20 percent by early in the 2020s.
From a total of $2.704 trillion, USTs held in custodial accounts declined by $18.7 billion to $2.685 billion. This is the second largest decline in history, only topped by the $22.1 billion in the week of August 15, 2007 which is the week that followed the great quant crash of 2007 that wiped out, among others, Goldman Alpha. This observation is in stark contrast to the recent record strength of bond issuance, after both the 5 and 7 Years auctions posted record Bid to Cover investor interest.
The dollar rose versus all of its 16 most-traded peers as deepening concern that Europe’s sovereign- debt crisis will worsen sent stocks tumbling and Wall Street’s so-called fear gauge to the highest level in two months.
Business leaders today welcomed a commitment by the Government to work with the private sector on contingency plans to protect the UK and its economy from the growing risk of rising oil prices.
Cancer is now the leading cause of death in China. Chinese Ministry of Health data implicate cancer in close to a quarter of all deaths countrywide. As is common with many countries as they industrialize, the usual plagues of poverty—infectious diseases and high infant mortality—have given way to diseases more often associated with affluence, such as heart disease, stroke, and cancer.
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