Monday, April 25, 2016

The Shanghai Surprise Accord aka. Rope A Dope

Collapsing global growth and collapsing China is ultra-bullish...

As we see below, the Central Bank agreement to weaken the dollar, drove a colossal divergence between reality and fantasy. A weaker dollar should have been viewed as a sign of imploding global growth, not an opportunity to double down...

100% Idiocracy: 
Obama's fictitious recovery consists of a .3% "growth" rate paid for by borrowing 3.3% of GDP.
GDPNow: Latest forecast: 0.3 percent — April 19, 2016

Only one of these will be right in the end - the one tracking China...
USD / JPY versus S&P:

Yuan versus S&P: