MONDAY 1/4/16; First Day of Trading for 2016; Fed Vice Chairman Fischer Speaks; Global PMI’s; SSEC Crashes -7%; China Halts Trading; NIKK Crashes -3%; Sunni-Shiite Middle East Tensions Escalate; European and US Stocks Collapse; ISM Mfg Index; Puerto Rico Defaults; DAX Crashes -4.3%

At 8 AM Tokyo (6 PM Sunday evening in the States), US futures begin the new year on a 
















[Text is Redacted: Purchase January 2016-01 to Read the Complete Chronology]





































 if the economic data worsens, the direction in rates would have to reverse and return to ZIRP (zero interest rate policy) which would destroy all confidence in the Federal Reserve.