The Traderszone Network

MNI again with the China headline; this time from Economic Information Daily:
– Turbulence on international stock markets Monday was a result of fluctuations in sentiment
A front-page commentary by economist Xu Gao

MNI reporting on a Xinhua piece:
– National People’s Congress Standing Committee has started a review which may remove the 75% loan-to-deposit cap
– The significance of the ratio may be reduced to a liquidity indicator
–

Comments from Japan economy minister Amari:
Headlines via Reuters 

Comments from Japan finance minister Aso crossing the wires:
– Won’t comment on specific stock price moves
– Want to monitor market moves carefully
– Hope Chinese authorities take appropriate action to stabilise economy, which has big impact on global growth
–

I think the bears should pay me to go on vacation. Wow, what a week! The correction continues, but as Carl has mentioned in his analysis, we are likely entering into a bear market. I’ll be writing an article tomorrow on Bear Market Rules; it’s time for a refresher. This correction appears minor on the monthly chart below, but I don’t think we are done. A bearish rounded top, support

Submitted by Joseph Salerno via The Mises Institute,

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