Chart of the Week; Back to Boring

This is a syndicated repost courtesy of Alhambra Investments. To view original, click here. Reposted with permission.

There are surely a lot more interesting and entertaining things to picture. EFF provides us with continuous opportunity to pick at the FOMC’s competence. Even LIBOR and the TED spread are back in play, a rise in both going back to May 29 and that massive, worldwide collateral call. Brazil’s central bank is paying through the nose just so that the real will decline slower.

Despite all that, and a lot more, if there is a chart that stands out this week it has to be the usual. We’ve been weirdly obsessive about China for half a decade because for a half a decade that’s where everything that has mattered has mattered most/first. CNY breaks 6.50 to the downside today, an accelerated slide. That means something, I think, for a lot as to what might be still coming.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.