01-07-2016, 11:00 PM
Since the dawn of the new year, however, investors have become much more concerned that a larger devaluation may be in the works, either through the choice of the Chinese authorities, or because the outflow of private capital is getting out of hand. Some bears in the currency markets believe that China could soon be suffering from a genuine exchange rate crisis, in which its enormous foreign exchange reserves could be quickly drained.
The Chinese devaluation threat — again | Gavyn Davies
What it does suggest, however, is that private sector capital outflows have been very large recently. Market sources reckon that private capital outflows may be running at $10bn a day, slightly more than occurred during the crisis last August. Official foreign exchange reserves have declined by $213bn, from $3,651bn last July to $3,438bn at the end of November, and will probably have dropped further when the December figures appear on Thursday.
The Chinese devaluation threat — again | Gavyn Davies
China is due to report foreign-currency reserves on Thursday, with the median estimate in a Bloomberg survey predicting a $23 billion decline in December. Government data next week are forecast to show Chinese exports shrank for a sixth straight month in December. The private Caixin Media and Markit Economics Chinese services gauge fell to a 17-month low, according to a report released Wednesday.
China Markets in Turmoil as Weak Yuan Fixing Sparks Stock Tumble - Bloomberg Business
On Tuesday, the company released their annual ranking of the best diets of 2016, and for the sixth time in a row, they named the DASH diet as their number one choice. DASH stands for "Dietary Approaches to Stop Hypertension," or high blood pressure. While the diet focuses on a meal plan that helps lower or prevent high blood pressure, it is a diet for everyone.
This is best diet of the year from US News - Business Insider
Dragging ourselves to work sick—a behavior social scientists call “presenteeism”—costs employers $160 billion a year in lost productivity, according to research published in the Journal of Occupational and Environmental Medicine. Avoid spreading sickness with this handy guide to the best desk disinfectants, immunity-boosting snacks, and other advice for staying germ-free. Be well!