Deflation is on a wild rampage.

Has the Day of Reckoning arrived?


Apparently so. The Chinese stock market shed 8.5% today, the US Dollar is down .8 to over 94 and the DJI is flirting with 16,000. Forget the FED tightening in September.


Those of you who thought to steal the march on Larry's recs (Chinese and US stocks and the US Dollar) are now hurting. Will the FED or the Plunge Protection team act to reverse the crash? I doubt they can even if they wanted to.

I am adding this at 9:51 ET. The DJI is down over 1,000 points and the US Dollar is at 92.