August Daily Chronology of Global Markets and World Economics 2015-08 Available from Amazon; China Yuan Devaluation and Stock Market Crashes are Explained

The August publication of the Daily Chronology of Global Markets and World Economics 2015-08 is available through Amazon (AMZN). The month of August is epic where global markets, led by a crash in Chinese stocks, fall down the rabbit hole finally receiving a -10% correction for the major indexes. Many stocks are down between -10% and -40% off their tops. The chronology explains the exciting daily events around the market collapse and the events that led up to the big selloff in the stock market. No other publication exists that describes the market top and rollover like the chronology.

The Federal Reserve decision to hike, or not hike, rates is 9/17/15 and will be an epic day in market history. Global central bankers continue pumping stocks higher especially the ECB and PBOC. The PBOC is trying to stop the stock market crash in China but stocks continue leaking lower. Average Chinese citizens have placed their life savings in stocks chasing the parabolic rise and are now receiving their heads on a platter; many have lost their entire life savings. In the States, Ma and Pa listened to television pundits that said to buy the market and invest in dividend stocks and they have lost -15% of their capital over the last month. The chronology records the prognostications by Wall Street pundits so history can not be rewritten in the future.

The Middle East remains in chaos with the US reacting to events without any cohesive plan or foreign policy in place. The Holy War waged by ISIS Islamist radicals against Christians and Jews continues. Social unrest and wars continue around the world. Ukraine fighting is ongoing despite the ceasefire. ISIS Islamist radicals are performing genocide against Christians and Jews while the world looks on. Turkey joins the fight against ISIS but at the same time Turkish troops are fighting Syrian Kurds, and visa versa (both are fighting ISIS but also fighting each other). Russia is exapnding its military prescense in Syria.

The migrant crisis of refugees from the Middle East and northern Africa is the largest mass human migration since WW II. Hungary is a poor nation unable to deal with the daily influx of thousands of refugees. Terrorists may be blending in with the migrants to easily pass through countries and wage a future heinous act.

The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 are repeating the same mantra these days. Most managers are maintaining SPX targets this year at 2200, 2300 and higher even after the selloff. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not.  If a multi-year top has printed, the chronology serves as the most accurate accounting of the stock market topping process. The chronology is the most reliable and easy to understand source explaining global markets.

As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the left margin or simply searching on Amazon. The monthly publication contains updated information not posted on the web site as well as clarifications and refinements to the daily blog text.

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the recent stock market top formed in real-time. The monthly publications are compatible with most electronic devices and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically. Proceeds aid the KE Stone series of blogs.

SUNDAY 9/6/15; European Migrant Crisis; G-20 Summit Ends

11,000 migrants cross into Austria over the last 24 hours some remaining while the majority continue on to Germany. The refugees receive food, water and clothing a much better welcome than in Hungary but in fairness Hungary is a poorer nation than Austria and Germany. Hungary is passing new laws to stem the flow of migrants. Hungary cannot provide all the financial, safety and logistics support necessary for the mass human migration.

The Pope is 





















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and ready to move on from these names.

SATURDAY 9/5/15; European Migrant Crisis

SPX 1921. INDU 16102. COMPQ 4684. RUT 1136. DAX 10038. CAC 4523. FTSE 6043. MIB 21473. IBEX 9822. PSI 5057. NIKK 17792. SPASX200 5041. KOSPI 1886. SSEC 3155. HSI 20841. BSE 25202.

Global traders are concerned about 

















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...... governor Zhou Xiaochuan says, “The bubble has burst.” The PBOC has cut rates five times since November to try and stabilize the declining Chinese economy and stop the stock market crash. Global market participants anxiously await the communiqué from the G-20 leaders.

FRIDAY 9/4/15; Japan Crashes -7.2% this Week; European Migrant Crisis; DAX Death Cross; G-20 Finance Ministers Meet in Turkey; Monthly Jobs Report; European and US Stocks Collapse

At 9:41 AM Tokyo (8:41 PM EST Thursday evening), the NIKK and Topix are each down -0.7% and ASX 200 and KOSPI each down marginally. US futures are weak. S&P -7. Dow -58. Nasdaq -15. Euro 1.1130. Dollar/yen 119.89. Pound 1.5252. Aussie dollar 0.7006.

WTIC oil 46.73. Brent oil 50.71. Natural gas 2.72. Gold 1126. Silver 14.67. Copper is down -0.6% to 2.37.

US Treasury yields are; 2-year 0.70%, 5-year 



















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......1.47%, 10-year 2.13%, 30-year 2.89%. The 2-10 spread is 142 basis points flattening slightly compared to this morning. The banks want to see a steeper yield curve. The 5-30 spread is 142 bips. German bund 0.665%. The US-German 10-year yield spread is 146 bips. Japan 10-year yield 0.402%.

THURSDAY 9/3/15; Global PMI Services; ECB Rate Decision and Press Conference; Dovish President Draghi Creates European and US Stock Rally; CIEN; CPB; JOY; MDT; International Trade; PMI Services; ISM Non-Mfg Index; RUT Death Cross; COO; PAY

South Korea GDP is in line with estimates at +2.2% year-on-year. Korean GDP is +3.4% in Q1 2014. In Q2 2014 +3.3%. Q3 2014 +2.7%. Q4 2014 +2.5%. Q1 2015 +2.2%. Q2 2015 +2.2%. The trend in weaker economic activity continues and is a negative reflection on other global nations since Korea is an export powerhouse.

New Zealand begins trading jumping +0.7% out of the 






















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Fed dove Kocherlakota repeats his ongoing mantra saying the first rate hike should be delayed until 2016. Kocherlakota says a rate hike should not occur with inflation running well below the Federal Reserve’s 2% goal.

70% of the terrorists released from Gitmo (GTMO; Guantanamo Bay Detention Camp) by President Obama are back on the battlefield killing people and targeting Americans.

WEDNESDAY 9/2/15; Aussie Dollar Sub 0.70; Canada in Recession; GIII; VRA; Productivity and Costs; Factory Orders; Beige Book; US Stocks Rally; FIVE

The NIKK is whacked -1.7% out of the gate as Asian trading is underway at 9 AM Tokyo time (8 AM Shanghai; 8 PM EST Tuesday night in the States). Australian stocks are staggering sideways. The KOSPI follows the Nikkei Index dropping -1.5%. Global traders are 





















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....create an arms race in the Middle East and more instability in the region. Other nations such as Saudi Arabia are not going to sit idly by as Iran develops a nuclear bomb. Ridiculously, Iran is allowed to inspect their own nuclear facilities making the agreement a joke. The president and Kerry appear more on the side of Iran while abandoning the United States close relationship with Israel and Saudi Arabia. The agreement will cause a nuclear arms race in the Middle East.

TUESDAY 9/1/15; Global PMI’s; Cascading Global Selloff; ISM Mfg Index; European and US Stocks Mini-Crash; DLTR; Oil Collapses; AMBA; AVAV; BOBE; HRB

Asian indexes trade lower out of the gate and US futures are dropping like a stone. The NIKK is down -1.4%. KOSPI -0.4%. SSEC -1.5%. S&P -29. Dow -213. Nasdaq -57.

Euro 1.1249. Dollar/yen 120.95. Pound 1.5383. Aussie dollar 0.7129. WTIC oil 47.49. Brent oil 52.38. Natural gas 2.69. Gold 1142. Silver 14.69. Copper 2.3375.

At 9:40 AM Shanghai (9:40 PM EST Monday evening), Asia turns ugly. The screens are turning red across the board. The NIKK is losing -1.7% and 


























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..... of impending doom and had lightened up on long positions going into cash; they are liars. Instead these market participants are riding stocks lower losing their shirt. These pundits and money managers are searching their grandmother’s dresser drawers this evening looking for jewelry to hawk to make margin calls.

The Keystone Speculator™ is the only Wall Street analyst that accurately described and forecasted the stock market top in real-time as it occurred this year. Followers of Keystone were prepared for the market downturn from the last few months of technical analysis. The ominous rising wedge patterns on the SPX monthly and other index charts spelled disaster; which occurs.