What market?

[dutchtraffic]

When the 'smart money' all agree the market is no more, there are reasons to worry.

http://www.zerohedge.com/news/2016-01-0 ... ull-letter

[dualstow]

Interesting.
Lots of China, Russia, global...
I don't invest in ex-US anyway. Except for gold.

[barrett]

Quote from the OP link:

At a macro level the key issue is the ever increasing importance of China and India. China is the world’s second largest economy, but already much larger than the US in a broad swathe of sectors. India will be the world’s third largest economy within a decade. Unfortunately their rise is increasing the global cost of capital because an ever growing share of the most important data they produce is simply not credible. Currently stated Chinese real GDP growth is 7.1% and India’s is 7.4%. Both are substantially over stated. This obfuscation and distortion of data, whether deliberate or inadvertent, makes it increasingly difficult to forecast macro and hence micro as well, for an ever growing share of our investment universe.

My Chinese wife is always saying how any economic numbers released by the Chinese government are totally unreliable.

I have a basic question that I should know the answer to...

If growth in an economy is 7%, shouldn't rates on savings accounts, CDs, long bonds, etc. be fairly high? Yield on one-year CDs in China is only 1.8%. Looks like their 30 year bond is only at about 3.7%. Any insight would be greatly appreciated.

On a related note, the Renminbi continues to weaken.