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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: DinoNavarre who wrote (2400)	4/21/2019 9:34:27 AM
From: elmatador	Respond to of 13800

Western countries whose leaders who will be attending the Belt Road Initiative summit: -Italy -Greece -Switzerland -Hungary -Portugal -Cyprus The TIer 2 countries want to jump into BRI band wagon

To: DinoNavarre who wrote (2400)	4/24/2019 2:34:52 AM
From: elmatador	Respond to of 13800

Where are the BRICs today. The BRIC acronym was coined by Goldman Sachs chief economist Jim O’Neill in 2001. He predicted four emerging economies — Brazil, Russia, India and China — were on their way to reshape the world economy. The market created a bit simplist view of how BRICs would develop overtime China the factory India de IT house Russia the energy supplier Brazil the mine and farm The Chinese Era, 2001 - 2010, developed around a certain set of circumstances starting with Allan Greenspan easy money, to avoid collapse post Dotcom debacle. Continued under Bernanke post 2008-subprime financial crisis Yellen put a stop to all that These circumstances that allowed the BRICs to grow in tandem having disappeared, it is back to old normal for the BRICs what has changed? It is now accepted that there is not going to be "China growing at high rates forever" The easy money nor the quantitative tightening are what they were The commodities super cycle is long gone. China mercantilist policies have been in check for a year now. China's population aging is now a concern. Brazil is no longer under a leftist government aligned with China. India IT house riding US coat tails is also in check besides technology has changed from the years India built its IT house

To: DinoNavarre who wrote (2400)	5/6/2019 3:06:02 AM
From: elmatador	1 Recommendation Recommended By DinoNavarre Respond to of 13800

Chinese banks quietly lower daily limit on foreign-currency cash withdrawals The issue was thrust into the spotlight on Friday when a viral video clip showed a bank cashier unable to answer a furious customer demanding to know why she was not allowed to withdraw US$200 from her dollar-denominated account, even though she was within her quota. Lenders have reduced the ‘scrutiny benchmark’ for US dollar withdrawals to US$3,000 from US$5,000 on the instructions of the central bank. The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. China’s currency is non-convertible on the foreign exchange markets because the country keeps its capital account closed. That allows the central bank’s currency regulator to maintain the yuan’s exchange rate within a tight range, and to stem capital flight. full article here scmp.com