Chinese Politburo is trying to manage markets and flow of money.
And, they are failing miserably.
The CDS events, Credit Default Swaps created a big crack in the US Capitalistic System.. in 2008/2009.
Money or Wealth is very slippery and difficult to manage or control.
India's new prime minister Modi was promising discovery and prosecution of India's Dark Money or Number 2 as it is called locally. But, Modi's efforts to discover dark money with India's powerful have not yielded results, at least not yet.
Mighty Swiss are being humbled by American Laws. USA is one of the few countries where laws work and some times it takes a long time. But, they do work.
"TOO LARGE" Banks are being encouraged to remain small or face "stress tests". Global banks will have smaller foot prints in China, India and South America.
Most of Indian Black money hides in Real Estate ownership... using the number 2 funds... DARK MONEY exists as government tries to over tax the super rich and wealthy.
The perennial question is " How much to tax and how to tax.." It is quite a simple question. But, answers divide us and continue to divide us...Globally...
Chinese events will impact Wall Street, but, not to a great extent... More chinese money will arrive in the West... USA, Canada, Singapore and possibly Malaysia.
Enjoy the ride.. Long Dollar, Short SPY...
Mohan
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