Good news everyone: the Chinese government has released some positive economic data, not at all fudged, pointing to a sharp increase of retail sales during the past week of hedonistic ‘lunar new year’ celebrations, up 11.2% year over year.
The ministry statement said retailers firms grew to about 754 billion yuan ($115 billion) during the Feb 7-13 “Golden Week.”
In other orient related news, the head of the PBOC would like everyone to shut the fuck up about yuan devaluation and to please stop reading rumors of suchness.
Zhou added that there was no basis for the yuan to keep depreciating, and China would keep the yuan basically stable versus a basket of currencies while allowing greater volatility against the U.S. dollar.
The government also needed to prevent systemic risks in the economy, and prevent “cross infection” between the stock, debt and currency markets, he said.
Onward.
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Awesome. DXJ should shine on this news of blatant lies. YINN also. Trade Lounge for the unwashed. Playing it. Hallowed halls indeed.
Where is that faggot frog now? lol Some of us here play for money. Wrong or right. Tuesday is ways off.
Wow. Risk on bitches!
WOW, For all my Fellow Lawyers in the House…Did you hear that Scalia Died? Swings the Court.
I’m sure any woman that’s been screwed because of him sure heard about it.
Rally on?