DHL Risk. Overnight delivery
Overnight, nothing happened, which caused the S&P to gap down 20 points at the open. When I say 'nothing, I mean on the one hand, Chinese regulators clamped down on speculation and eased shorting rules. On the other hand, we are told in an article posted yesterday that the Chinese government is behind the stock market rally. In the insane asylum it all makes perfect sense. If you read both articles, the second one first, you learn that speculators were assuming that the Chinese government is supporting the rally, but then along came last night's regulatory crackdown proving it was all just wishful thinking:
Reality need not apply...
All of this above is really just noise for asylum seekers, because in the context of the world's largest bubble, any proximate excuse can and will cause its implosion. In what country or time zone said trigger originates from, is wholly irrelevant.
What Central Banksters have attempted to do in this era, is to use artificial liquidity to circumvent reality. And in doing so, they have enjoined the speculative animal spirits and otherwise gamed Social Mood to such manic heights as to guarantee mass financial obliteration on a scale previously unimagined. It's all fun and games until the vast majority lose everything.
Anyone who has any doubt about the chasmic gap that Central Bankers have driven between fantasy and reality can take one look at the chart below showing the Chinese stock market versus GDP growth:
Anyone who has any doubt about the chasmic gap that Central Bankers have driven between fantasy and reality can take one look at the chart below showing the Chinese stock market versus GDP growth:
GDP growth 25 year low. Stock Market 7 year high:
FXI: China ETF w/Chinese GDP growth (red line) from World Bank
FXI: China ETF w/Chinese GDP growth (red line) from World Bank
