The Traderszone Network

RBNZ survey of 2 year inflation expectations
Come in at 1.63% (vs. 1.85% prior)
NZD copping a sell off on the data
–
A strong reaction to this data print from the NZD. lower inflation of course leaves room for the RBNZ to cut further. but still …. it does seem to be an outsize response.

Once upon a time, the CIA and Washington’s Mid-East Sunni allies had an idea.

The American forces occupying Iraq were handed a bit of a lemon in 2004 when Abu-Mus’ab al-Zarqawi pledged allegiance to Osama Bin Laden and took command of the al-Qaeda cell in Iraq, which grew by recruiting from the ranks of Saddam’s scattered security apparatus.

read more

While both sellside analysts and buyside investors are panicking over the collapse in bank stock prices and the evaporation of market liquidity as virtually nobody trades any more, perhaps it is time someone looked further east, specifically in China where in January the results reported by local brokerages have confirmed what we have been warning about, namely the local investors – disgusted with China’s stock “market” which is not only a burst bubble now but also rigged beyond any measure – have pulled their money en masse, and left China’s brokerage to disintergated into a revenueless, p

read more

January new yuan loans, 2510.0bn
Aggregate financing RMB for January, 3420.0bn
– expected is 2200.0bn, prior was 1820.0bn
Money supply M0 (Jan) y/y: 15.1%
– expected is 10.6%, prior was 4.9%
Money supply M1 (Jan) y/y: 18.6%

Having rallied all the way back to unchanged for the year thanks to yesterday’s China re-opening “adjustment,” the Yuan selling has resumed with onshore down by the most in a month and offshore fading also. 

With Crude and USDJPY holding gains (for now)…

read more

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

Financial bubbles blown on the back of massive amounts of debt, of necessity lead to debt deflation (it’s just entropy, really). Fighting this is futile, and grossly costly to boot. The only sensible thing to do is to guide the process as best you can and try to minimize the damage, especially at the bottom rungs of society, because that’s where the deflation first takes hold, and where it spreads out from.

read more

This Fool analyzes the relative total cost of ownership of these two popular methods of playing video games.