Chinese Yuan Suddenly Tumbles

Whether or not the PBOC finally decided to show the US it means business with the "weaponized" Yuan, but moments after today's PBOC yuan fixing, which dropped against the dollar by a whopping 340 pips to 6.6497 from 6.6157 - which was slightly lower (i.e. stronger) than expected - the offshore yuan tumbled with the selloff accelerating as the currency took out one large figure after another, eventually crossing what until now had been seen as a key support level at 6.70, then quickly shooting lower and dropping as low as 6.73.

As shown in the chart above, the offshore Yuan has suffered a 10 handle drop in the span of 24 hours, an unheard of move either during the Chinese devaluation phase in the summer of 2015, or the subsequent capital outflow panic in early 2016.

As we noted this morning, yesterday PMI showed that growth momentum in the country is softening, while new export orders slumped into contraction as China's growth dynamo suddenly goes into reverse.

https:// www.zerohedge.com/news/2018-07-02/chinese-yuan-suddenly-tumbles

This Is What A Massive X9 Class Solar Flare Looks Like

Scientists from Caltech Astronomy examined the great solar flare of 1990 that occurred in active region NOAA 6063. The eruption and subsequent shockwave were so massive that scientist decided to write a report on their findings titled “Tangential Field Changes in the Great Flare of 1990 May 24.”

https:// www.zerohedge.com/news/2018-07-01/what-massive-x9-class-solar-flare-looks

Nassim Taleb Slams "These Virtue-Signaling Open-Borders Imbeciles" In 3 Short Tweets

As liberals across America continue to attempt to one-up one another with the volume of virtue they can signal, specifically on the question of 'open borders' - especially since 'jenny from the bronx' victory over the weekend, none other than Nassim Nicholas Taleb unleashed a trite 3-tweet summary of how farcical this argument is…

1) OPEN BORDERS work if and only if the number of pple who want to go from EU/US to Africa/LatinAmer equals Africans/Latin Amer who want to move to EU/US

2) Controlled immigration is based on the symmetry that someone brings in at least as much as he/she gets out. And the ethics of the immigrant is to defend the system as payback, not mess it up.

Uncontrolled immigration has all the attributes of invasions.

3) As a Christian Lebanese, saw the nightmare of uncontrolled immigration of Palestinians which caused the the civil war & as a part-time resident of N. Lebanon, I am seeing the effect of Syrian migration on the place.

https:// www.zerohedge.com/news/2018-07-02/nassim-taleb-slams-these-virtue-signaling-open-borders-imbeciles-3-short-tweets

"Mass Exodus": Seattle Cops Quitting In Droves Over City Politics

Seattle cops are leaving in droves because they're "fed up" with Seattle's policies, according to the Seattle Police Officer's Guild.

In a Sunday appearance on Fox & Friends, Guild VP Rich O'Neill said that a "number of issues" are causing Seattle officers to pack up and leave town - opting for jobs elsewhere. At least 41 officers have left the Seattle PD this year. While retired, at least 20 officers left Seattle for other cities and county law enforcement agencies.

O'Neill told Q13 FOX that local officials "are allowing certain crimes to go on without accountability."

“Worker bees on the street, they don't feel appreciated. I’ve never seen anything like this in my life,” another source within the Seattle PD told Q13 Fox.

https:// www.zerohedge.com/news/2018-07-02/mass-exodus-seattle-cops-quitting-droves-over-city-politics

>>2007507

If she really meant it she would of had them tattoo it on her forehead.

>>2007593

What was negotiate you end this negotiation on my wife, and you get the SC nomination. If I remember the tarmac meeting Scalia's death and Seth's death all happened within less of a month of each other.

Yes Comey would have been forced into the spotlight if he knew other's had proof this tarmac meeting was schedule to take place.

Admiral Rogers would be a hero … he was risking all, to save us all. Unbelievable bravery in order to hide the evidence until it could be used to shed light on the evil taking place, underneath our sleepy heads.

>>2007713

Sorry tired here. What was negotiated on the tarmac was, Lynch gets the supreme court position and Hillary gets off scott free from the email investigation. Scalia killed to free up the SC position, Seth killed to hide the source of the emails.

>>2007790

Your starting to sound like a liberal. Take a few laps in the pool.