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11.21.2014 China Goes Full Stupid! Bookmark

Most people were debating the push by Obama to executive action a plan for illegal immigrants last night. But that paled in comparison to the news out of China. They came out and cut rates last night, suggesting that their economy needed a boost. Well that spread to Europe and Mario Draghi ran to the nearest microphone to scream that he too will be flooding the world with Euro's.

Most people were debating the push by Obama to executive action a plan for illegal immigrants last night. But that paled in comparison to the news out of China. They came out and cut rates last night, suggesting that their economy needed a boost. Well that spread to Europe and Mario Draghi ran to the nearest microphone to scream that he too will be flooding the world with Euro's.

The result was enormous gains in global markets. Germany is up 200, France is up 100+. Our own futures here in the states are up about 150 points. So get this straight folks...the world is so weak, and growth slowing so badly, all the major central bankers are going all in on destroying their own currency, trying to "beggar they neighbor" and pay down debt with cheaper currency. Is that a reason for markets to soar higher?? Not in a real world, but in the 2014 matrix it's the ONLY reason. Wow, what a world.

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