Dathan's Golden Calf

Nothin like untyin a balloon and watchin it fly all over the ceiling and room, before it drops to the floor. Is there? Ceteris Paribus, next to timing, equilibrium is everything. How ya doin?

The more China struggles the worse this will get and the longer it will last, (I estimate their burn rate will accelerate and by end of 2016, mid 2017, stick a fork in them, they be done as in $3.3T in FX reserves isnt that much when you need $2.6T for liabilities) and there's $20T ED (eurodollar) reasons why, actually $49T if you count their domestic debt too and lets not talk about the energy sector and HY debt.  There is no way out, because ED is the unregulated offshore credit based lifeblood of the system. and its DOLLARS, not Yen, Euro, RMB, golden pandas or Dathan's Golden Calf currency du jour. 

So until this balloon blow off and ED's indigestion works its way to the floor and equilibrium is restored systemically, between orchestrated chump pumps; market distortions, disconnects, divergence and dysfunction will be the order of the day. Don't drink bitter waters, get used to it. Unlike Dathan, ye hath seen the light brother.