Economy News for Mon 15 Jul 2013

[Cheryl Nelson]

Yuan Hailed As The World Reserve Currency

http://www.scmp.com/business/money/markets-investing/article/1076500/yuan-hailed-world-reserve-currency

Karl Denninger:  An Economic Collapse That Is Going To Be Worse Than 1929

http://usawatchdog.com/an-economic-collapse-that-is-going-to-be-worse-than-1929-karl-denninger/

Brinks Vaults Are Being Depleted: "This Has The Appearance Of A Run On The Bank"

http://investmentwatchblog.com/report-brinks-vaults-are-being-depleted-this-has-the-appearance-of-a-run-on-the-bank/

China's Financial System Ready To Collapse? Giant Ponzi Scheme Exposed! China’s Debt Is Well Over $507 Trillion, And Yet Per Capita Income Is Less Than $4500

http://investmentwatchblog.com/chinas-financial-system-ready-to-collapse-giant-ponzi-scheme-exposed-chinas-debt-is-well-over-507-trillion-and-yet-per-capita-income-is-less-than-4500/

Fitch Downgrades European Financial Stability Facility To AA+

http://investmentwatchblog.com/fitch-downgrades-european-financial-stability-facility-to-aa/

Stocks Close At Another All-Time High On Lowest Volume Day Of Year

http://www.zerohedge.com/news/2013-07-15/stocks-close-another-hit-all-time-high-lowest-volume-day-year

Weak Retail Sales Means Fed Tapering Later vs. Sooner

http://finance.yahoo.com/blogs/daily-ticker/weak-retail-sales-means-fed-tapering-later-vs-153928626.html

[Cheryl Nelson]

I know.  It's just a show.

[Cheryl Nelson]

I've been watching economy news since 2007 and have been amazed how one day the market is down, the next day it's up.  Even same day contradictory news.  It is mostly nothing but deception.