Asia/ Emerging Nations.....
The end of the #oil age: New oil price regime likely to continue to create fin stresses in Middle East. (via BofAML)
How Brazil's economic crisis is affecting plans for the Rio Olympic Games http://cort.as/anD-
The 1st 2016 comics...
South Africa's rand slides to new low on strong U.S. data, stocks flat http://af.reuters.com/article/investingNews/idAFKCN0UN09820160109 …
CS: Although crash in China stocks makes for headlines, FX is transmission mechanism that matters for global markets
Xi: SSEC was better than Wall St in 14 & 15, worse in the 1st week of 16? Obama: Relax, buddy. Let's take a walk.
Unless PBoC pops out over the weekend, HSI is set to tumble below 20,000 handle on Monday. Only a 2.5-yr low!!
China PPI declined for 46 straight months, -5.9% for 4 straight months. Only -5.9%?
Currencies: multitude of new lows vs. the US $ this week. Yen not on that list as flight to safety took hold.
Commodities: more of the same from Crude/Gasoline/Heating Oil to start the year. Gold/Nat Gas showing some strength.
Excluding Russia (closed for holiday over past 2 days), Ireland has the last equity index still above its 200-day MA
#China's Communists say they’re learning to love free mkts. World starting to learn how much http://www.bloombergview.com/quicktake/chinas-managed-markets …
Puerto Rico .....
"Insurers Open a Legal Can of Worms for Puerto Rico" http://www.bondbuyer.com/news/markets-sell-side/insurers-open-a-legal-can-of-worms-for-puerto-rico-1093529-1.html …
"Commonwealth unlawfully diverted tax revenues collected by the U.S. government...for the specific purpose of supporting PRIFA bonds"
A big issue for Puerto Rico bond insurer litigation: will federal judge move case to Puerto Rico courts? #muniland
Important clarification on FGIC insurance payments re defaulted Puerto Rico bonds they wrap #muniland
Weak bond insurer "not insuring" #muniland
Core issue of bond issuer lawsuit against Puerto Rico for revenue clawback = PR has not reduced spending #muniland