In early Asia trading, offshore yuan has extended Friday’s collapse, testing the lower edge of the PBOC’s Yuan trading band once again.
Yuan traded as weak as 7.1925 against the USDollar…
Source: Bloomberg
Pressuring the weaker end of the Yuan peg band…
Source: Bloomberg
At the same time, USDJPY is tumbling (Yen strength), testing the lows of the flash-crash from early January…
Source: Bloomberg
Spot Gold has exploded higher, testing $1550…
Source: Bloomberg
With gold rising and yuan plunging, the Chinese currency is at its weakest against the precious metal since 2012…
Source: Bloomberg
US Equity futures are reeling with Dow Futures down over 400 more points…
Treasury futures opened up dramatically, implying a 10Y yield of around 1.36% (around 8bps lower in yield).
Source: Bloomberg
And oil prices are plunging…
Turmoil is coming.
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More winning.
Go Trump
Trump is going to win bigly and reset the world economy on more favorable (equitable) terms for the US or take the world off the cliff.
Make no mistake this is for all the marbles (at least in our lifetimes) boys and girls…..for the most concise summary of Trump’s strategy which is now bearing fruit and a bitter harvest for the Chi-Coms.
See this:
https://theconservativetreehouse.com/2019/08/25/president-trump-and-prime-minister-boris-johnson-discuss-big-trade-deal/#more-169189
They need to rename that place the fake-conservative, big-government treehouse. It’s mostly a collection of Trumptards whose wagons have lost their wheels.
Getting in bed with Boris is a pathetic.
Just because some globalist scriptwriters want to shuffle some trillions around the globe does not translate into goodwill toward mankind or any genuine upside for Main Street.
MH you are one who gets it. The down voters are the fifth columnists and economic illiterates of which there are several around here. When we hit DOW 30,000 because of the capital flight they do not understand we will be treated to more uninformed ranting.
What a difference a day makes.
The ten year closed at 1.53% yield. A drop of 8 bps in yield wouldn’t be 1.36%.
Damn Chinese are currency manipulators and they will always seek to drop the Yuan lower. More QE is in the works. Just in time for 2020.
Are there puppies and kitty cats on your island?
Let’s play with the insano bot.
Just sit right back and I will tell a tale,
A tail of a storm tossed chick.
That started with a cray cray dude whose panties knotted in a snit.
Then, the markets took a dive.
What’s to worry!! Quit whining, step back and let Trump handle this. Trust the plan.
Rejoice, my compatriots, the flock of black swans is coming in for a hard landing….and Spicy Time is HERE!
Incoming grab some dirt!
More with Spicy Time? Stock up on Prep H.
Stucky,
Help me with these charts please. I hear this is your favorite pastime. 🙂
Trump on US-China trade war: ‘I could declare a national emergency’
https://www.cnbc.com/2019/08/25/trump-on-us-china-trade-war-i-could-declare-a-national-emergency.html
So Trump wants to declare a national emergency for something that he caused?
Oh of course, he didn’t cause anything.
Ok, I’m officially scared…now what?
Just continue living on your I-phone, texting, Facebook and anus fucking and you’ll be just fine dear.
Oh my, you are the little asshole, aren’t you? Presumptuous asshole at that. Then again, INGSOC, war is peace and Antifa is Ingsoc….
For anyone looking for a diversion from the bad news. Mint Press News has just posted part 4 of Whitney Webb’s Epstein blackmail operation starring Bill Clinton.
Da Djuize did it.
Seriously?
Annnndd… The Dow’s up 220 pts and the 10 year is @ 1.515%.