Don't worry, Yellen will be coming back on T.V., and parading her croonies to say, 'we've had a change of heart.' They will not raise, heck, as Schiff has said, they may implement QE5 and go negative.
China market turmoil hits global shares - http://www.bbc.co.uk/news/business-35248798 Rush selling expected friday in china.
I expect them to inject a massive amount of liquidity into the market before opening. May strengthen the Yuan exchange trying to seek stability
I'm watching the FTSE A50. Opened 2.5% higher then dropped to -1% but is now climbing again http://www.investing.com/indices/major-indices
Very good. Do you know if the govt intervened or whether it was a legitimate market bounce (dead cat or otherwise)
They strengthened the Yuan fix by 10 basis point, the first time in 9 days which is helping giving their market a boost. Not sure if they directly injected cash
The efforts from the Chinese government reminds me of a lone man waving a red flag trying to stop a stampede. It's my understanding that the Chinese government are buying shares via pension funds to drive up the price.
A volatile morning in China. It feels like it's hanging in the balance right at the moment. My gut tells me China will stabilise today and then the US (and others) will rebound overnight. But I also expect renewed selling sometime next week.
US non-farm payrolls will influence the markets tonight. So long as the numbers aren't terrible, I'm expected a bit of a rebound in the share markets and USD as they are oversold over the past few sessions. However the more the USD strengthens, the more likely China will have to devalue the Yuan fix next week given the Yuan's peg to the US dollar.