Forex Signals

The People’s Bank of China announced a 50 basis point reduction in the required reserve ratios for deposit taking financial institutions, effective 5th December 2011.  The new required reserve ratios will average 21.00% for large banks, and 19.00% for small banks.  The move potentially marks a shift in policy focus to growth by the Chinese authorities, and [...]

Jim Chanos, a U.S.-based hedge fund manager well-known for his negative outlook for China, told a television audience on Friday that China’s economy is about to enter a period of significant contraction. Chanos has long held the belief that the event to trigger the collapse will be a sharp decline in property values.
At his most [...]

By The Sizemore Letter
For The Gap (NYSE: $GPS), it is the best of times…and it is the worst of times.  The company just announced that it plans to close 189 of its namesake stores across the United States.  This amounts to a full 21 percent of its American stores.
At the same time, The Gap intends [...]

Europe and all things European have been holding the world’s attention to an extent that it’s all too easy to forget that life goes on elsewhere. One of the corollaries of the European shock has been a general global deleveraging rolling right through to the emerging markets.
TMM had some pretty dark things to say [...]

Quotable
“A population weakened and exhausted by battling against so many obstacles — whose needs are never satisfied and desires never fulfilled — is vulnerable to manipulation and regimentation. The struggle for survival is, above all, an exercise that is hugely time-consuming, absorbing and debilitating. If you create these anti-conditions, your rule is guaranteed for a [...]

Quotable

“Everything has its beauty but not everyone sees it.”
                                    Confucius

Commentary & Analysis
“We are toast! China is going to kick out butts.” According to my neighbor fresh off his guided tour of the Red Dragon …

It was kind of ironic, from the standpoint of my simple life, that my neighbor stopped by yesterday to give me some [...]

Quotable
“There are three kinds of lies: lies, damned lies, and statistics.”
Disraeli
Commentary & Analysis
Europe and China: Readers speak
We are fortunate to have some very smart readers of Currency Currents. I learn much from them. JC, a reader of ours, nailed my sentiments toward trading in this market. He recent emailed us with [...]

Quotable
“Democracy is a form of worship. It is the worship of jackals by jackasses.”
                                    H.L. Mencken
Commentary & Analysis
If China Saves Europe, then Who Saves China?

China’s real debt level appears to me much larger than anyone seems to know — even the Chinese. This kind of thing happens when you provide stimulus to your economy [...]

Quotable
“Everything you need for better future and success has already been written. And guess what? All you have to do is go to the library.”
                                          Henri Frederic Amiel

Commentary & Analysis
China and Europe: Overwhelmed.
It looks as though Europe will be somewhat relieved after this week. Crude oil prices have fallen about 8 percent in one [...]