Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Agreed, but little of durable value from China is sold in Walmart...Notice how incredibly active Japan is involved in intervention to prop up the yen? Defending foreign investors even at the cost of higher energy prices. Now, the China shock from the cutoff of Yukos supplies by train (100,000 bbls/ day)

Asians supply the US with $1.8B/day in funding; I'm not impressed by what we get for these flows