Wednesday, December 16, 2015

Prepare For Liftoff

"The PBOC is testing how far it can let the yuan depreciate without setting off a sharp selloff like the one that followed the yuan’s surprise devaluation on Aug. 11, people close to the central bank have said."

In the event of another Flash Crash, please step into the time machine and go back one day...

U.S. Deflation as imputed from TIP: Treasury Ratio:

Deflation imputed from RINF Inflation-protection ETF versus U.S. interest rates

Junk bonds versus interest rates (log scale):

The Labor Farce Non-Participation Rate
"The Labor market is too tight. Wages might go up, which would reduce corporate profits"

"We can't let that happen..."