*BESSENT: CHINA IN SEVERE RECESSION/DEPRESSION

*BESSENT: CHINA TRYING TO 'EXPORT ITS WAY OUT' OF ITS PROBLEMS

i.e., currency deval coming, and a flight of capital to preserve purchasing power.

CPI charts (courtesy of BBG ECAN)

the second quantum computing bubble popped faster than it would decrypt bitcoin

*COURT DENIES TIKTOK'S BID TO PAUSE US BAN SET FOR JAN. 19

*TRUMP INVITES CHINA'S XI JINPING TO INAUGURATION, CBS SAYS

Initial Claims 224K, Exp. 215K, Last 215K
Cont Claims 1871K, Exp. 1904K, Last 1896K

Bitcoin 99K

If only some had warned about this over, and over, and over

AAPL sales breakdown

4.53%. Panic

ADP private payrolls 233K, Exp. 111K, Last 143K

After Two Weeks Of Buying, Hedge Funds Are Again Shorting Stocks t.co/VyLF2N7l7f

Update:

*JAPAN'S NIKKEI 225 STOCK AVERAGE DECLINES 3%

NVDA -8% to $110

Kamala's policies so far Price Controls 28% corporate tax 44.6% capital gains tax 25% tax on unrealized gains

ISM Services 51.4, Exp. 51.0, Last 48.8, huge bounce led by employment Employment 51.1, Last 46.1 New Orders 52.4, Last 47.3 Prices Paid 57.0, Last 56.3 So much for payrolls

we are going to print a record high VVIX

Why the BOJ has no choice and is merely prolonging the inevitable: "at a gross balance sheet value of around 500% GDP or $20 trillion, the Japanese government's balance sheet is, simply put, one giant carry trade." - DB

holy shit, everything is breaking *CIRCUIT BREAKER TRIGGERED FOR JAPAN GOVT BOND FUTURES

KOREA STOCK EXCHANGE SUSPENDS TRADE AFTER KOSPI 200 FUTURES FALL MORE THAN 5%

TRUMP: NEVER SELL YOUR BITCOIN

June Jobless Rate Triggers Sahm Rule: Recession Imminent? t.co/wmczFZq4d6

Musk's SpaceX is building spy satellite network for US intelligence agency: RTRS t.co/uPbVu2v7oK