23rd June 2015 archive

Today’s News June 23, 2015

Chinese Crash Continues After PBOC Cracks Down On Brokerage Liquidity Just when you thought it was safe to buy the 12% collapse (the biggest since Lehman) in Chinese stocks, they re-plunge another 3-4% with no dip-buyers evident. The drivers are twofold: first, China PMI beat expectations modestly (uh oh no more QDII, QE, PSL, etc.); …

Continue reading