The central bank of China has come out and stated publicly that they use capital flow analysis. They are far more professional than any other central bank. They took the market right up to the technical resistance. There are just too many people contriving scenarios and theories with a biased view to support what they would like to see.
The world economy is contracting, if not imploding, because politicians are hunting money for taxes and confiscating assets because governments are going broke. What more needs to be said?
Our forecast 2 years ago that the dollar would rally sharply against the Euro and Yuan, contrary to those who kept calling for its demise, remains intact. If you do not understand the world economy and how we are all connected, then you might as well sell your sovereignty and become an economic slave.
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.