The key is the debt is still growing, says James Chanos, Kynikos founder & president, weighing in on China’s economic outlook and its currency, the yuan. Here is a direct video link.
With most markets losing year to date, and with the machines having little to play with but futures on closed markets yesterday, the algos are in full ‘ping’ today. Another day, another mindless churn to nowhere (S&P 500 shown below since last September) as the financial-tainment goes wild with breathless commentary. Ho, hum…
60 Minutes reports on what it’s like to try to achieve “mindfulness,” a self-awareness scientists say is very healthy, but rarely achieved in today’s world of digital distractions. Here is a direct video link.
Cory’s Chart Corner
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