FRIDAY 9/9/16; BOK Policy Decision; China CPI and PPI Inflation Data; Fed Speak; Central Banker Credibility in Question; Global Bond Selloff (Higher Yields); German 10-Year Bund Yield Above 0%; KR; European and US Stocks Collapse; "Rosengren Selloff"

Euro 1.1263. Dollar/yen 102.41. Pound 1.3293. WTIC 47.29. Brent 49.99. Natural gas 2.80. Gold 1342. Silver 19.69. Copper 2.10.

US Treasury  yields are; 2-year 0.77%, 5-year 1.18%, 10-year 1.60%, 30-year 2.31%. German bund -0.055%. Japan 10-year yield -0.038%.

Asian indexes are soggy in 









[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

 beats the drum for infrastructure spending. Fed members are becoming more political when in prior years the institution avoided commenting on such matters especially before a presidential election. The FOMC loses credibility and independence with each political comment.