The Traderszone Network

I just posted on
AUD/USD dips under 0.7000
First time since April 2009 …  Some people wouldn’t even have been around then! (Shout out to all the 5 year olds reading … go back to watching Play School you lot.)

It’s probably safe to say that at this point, Beijing is fed up with stocks. 

The thing about equities that has the Politburo so vexed is that it turns out they can go down as well as up, and because stocks aren’t people, you can’t threaten them or arrest them, although China did its best to do both by throwing CNY1 trillion at the problem and by halting nearly three quarters of the market at the height of the meltdown.

Ultimately, none of it worked.

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NASDAQ is to help Chinese regulators with market surveillance
– Nasdaq will supply market-surveillance technology to a Chinese securities exchange … though they haven’t named which one
More at the Wall Street Journal (gated):

We got the RBA September monetary policy announcement yesterday
A UBS note to clients on the wake of the announcement points out the implications for policy ahead (bolding is mine):

These stocks represent five unique takes on potentially incredible long-term value. Dive in to see how Netflix, Oshkosh, TrueCar, Universal Display, and Gilead Sciences can help you.

If you do the math, it isn’t unreasonable to think that Citigroup’s dividend could increase by a factor of 10 over the next decade.

Uber drivers are entitled to class action status in a case over whether they are independent contractors or employees.