The Traderszone Network

While badly needing an alternative to the fake left-right division plaguing US society, Americans will not get a much needed, credible libertarian “third choice” for at least another year. Here’s why.

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We got an early hint of what the PBOC would do tonight on Friday and Saturday, when as we reported, an unprecedented volume burst of bitcoin buying out of China, sent the digital currency soaring to the highest level since 2014.

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– Inventories +0.4% q/q (expected flat, prior was -0.4%)
– Company Profits -4.7% q/q (expected +0.4%, prior -2.8%)
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            Wages +0.6% q/q
Mining profits down to levels they were at in late 2009. Mining makes up around 25% of this survey, a big contributor so falls in profit in that sector weighing on the results. Raise your hand if this is a surprise to toy, and then go an sit in the naughty corner. Not news.

James Bullard, president & CEO of the Federal Reserve Bank of St. Louis in a news conference from Seoul, South Korea at the Band of Korea conference
– Says revised GDP was encouraging

Meanwhile, over at the money market desk, the PBOC injects 65bn yuan via 7-day reverse repos
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The USD strength on Friday (especially in the US timezone) playing out in a higher USD/CNY setting today from the PBOC.

The dollar hit a one-month high against the yen early on Monday and stood tall against other peers after comments after comments by Janet Yellen.

Submitted by ‘Stucky’ via The Burning Platform blog,

Not that I remember what America was like in 1957, as I was not yet five years old. Years later, when I was old enough to understand, they told me their story. Briefly, it goes like this.

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