Hugh D. zeroed in on this Telegraph article: China orders retreat from risky assets [1]. The article begins: “China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets.”
Randy F. sent this article: Monopoly “Money “ [2] –which notes that it is currently illegal to melt pennies or nickels, and the plans for further debasement of our currency.
Reader JTH found this: Bailout panel cites commercial real estate danger [3]
UK central bank says it may restart debt monetization [4] –after just r4ecently trumpeting the end of it. (Thanks to George Gordon for the link.)
Items from The Economatrix:
Money Supply Data Reveals “New Major Dip” Ahead [5]
Famous Last Words: US Will “Never” Lose AAA Ratin [6]g (Not as long as the fox is guarding the henhouse!)
The Dumping Begins: Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested
[7]
Jobless Claims Figures Raises Hopes for Recovery [8] (What a roller coaster this is…it’s down…it’s up…it’s worse…it’s better!)
Median Home Prices Show Signs of Stability [9] (Someone saw a green shoot in a neighbor’s front yard and misinterpreted it as an economic indicator…correction will soon follow!)
Citi Plans Crisis Derivatives [10]
Darryl Robert Schoon–Davos: The Bomb Shelter [10]
Stocks Swoon After China Brakes Spending Again [11]