The shills and ignoranuses of the 'financial media' are doing their magic "it's because of falling oil" dance to explain today's global meltdown from Japan to Greece.
It is NOT oil.
Overnight the Bank of China tightened things up a bit. This is what happens when $80 billion of leveraged collateral is removed from the world's carry trade.
Compare the "risk" and the "no risk" assets.
Wednesday, 10 December 2014
This is what happens........................from Rico
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