#shibore

[phantasomite]

shibor

[srivrs]

#bridallehenga #kanchipuramlehengas #paithanilehengas #banarasipatolalehengas #lehenga #ikkatlehengas #chiffonsaree #chiffon #shibore #shiboreorganza Dear All🙏😊 HOPE all are good. Please support 🙏🌻 Our Products Our website www.srivrs.online 🌻New Arrivals 💞 Kanchi, Paithani And Banarasi Patola Bridal Lehengas 💞 Ikkat Bridal Lehengas 💞 Shibore Organza And Mixed Silk Sarees Click here 👇👇👇 https://srincm.com/srivrs/newarrivals/ Happy Shopping 😊😊😊😊😊😊🙏🙏🙏 Stay Home Stay Safe 😊😊😊😊🙏🙏🙏 Admin SVRs🙏😊 🌻 🌻🌻 🌻 https://www.instagram.com/p/CNRFOJnFtwD/?igshid=1jmncimz1qs4y

[elizabeth-emily]

Son H si saben a lo que me refiero

1st energy kyouka

2nd is Baka Dakedo

3rd Ecchi no onee san ni shibor

4th Sei yariman gakuen enkou nikki

5th saimin seishidou

6th Cherry & gals 2nd episode

7th Jk bitch

8th is Gakuen no Ikenei: Nagusami Mono to Kashita Kyonyuu Furyou Shoujo

[serenataserano]

Thank you all for coming to our showroom in Tokyo!

東京ありがとうございました!

Photography: Kostis Fokas

Photographer Assistant : Margarita Pittara

Model: Angelique K.

www.serenataserano.com

#sustainablefashion #ecofashion #plantbased #organicdye #plantdye #handdye #botanicaldye #respectnature #respectanimals #ecology #vegan #handcrafted #slowfashion #ethicalfashion #earthfriendly #earthconscious #shibori #japanesefabric #japanesephilosophy #japaneseminimalism

[xtruss]

The Enduring Triumph of Chimerica!

Here Is the Case That China Is Quietly Soaking Up New Dollars Again, Effectively Paying the Bill of US ‘Stimulus’

The PBOC Dollar

China is intervening in forex markets to soak up dollars, invest in Treasuries and effectively pay the bill of US fiscal stimulus

— By David P. Goldman | June 15, 2021 | Asia Times | Anti-Empire

Hating China may be the only thing that American politicians agree about, but China remains the prop and support of the American economy.

Americans can’t spend the trillions of dollars that their federal government has poured out in “stimulus” payments without Chinese imports. And the American Treasury can’t finance its projected US$2.3 trillion deficit – not without substantial pain – unless China recycles its nearly $500 billion trade surplus with the United States into US government bonds.

The US is perilously short of money, and China is flooded with money from its trade surplus. There’s nowhere else the US can raise the money it needs except China, unless it prints more money. What economists once called “Chimerica” – the symbiosis of an American economy that borrows and imports with a Chinese economy that lends and exports – is back with a vengeance.

As I wrote on June 11 (“China can help US out of its inflation trap”), China’s apparent support for the US dollar has a double impact. It supports the imperiled Treasury bond market, and it also keeps Chinese goods cheap for US consumers. That has a significant impact on US inflation: America’s trade deficit is deepening while import prices are rising.

The whole of the US body politic will fulminate about Chinese mistreatment of the Uighurs, democracy in Hong Kong, the Wuhan virology lab and so forth. And – I predict – the Biden administration will quietly take the money from Beijing and tone down the trade and tech war.

This will happen not because Biden is well disposed towards China, or because he planned to cut a deal with China, or because a cabal of China-friendly American business persuades him to do so, but simply because he is short of money and China has lots of it.

A forensic analysis of market data suggests that all of this already is happening. China is to thank for the buoyancy of the US Treasury bond market despite a sequence of inflation shocks. China appears to be intervening in the foreign exchange market to prevent its enormous trade surplus from driving down the dollar’s exchange rate against the Chinese renminbi (RMB), and then reinvesting the proceeds of intervention in American money markets.

That explains a number of market anomalies – for example, the plunge in China’s benchmark Shanghai Interbank Offered Rate for 3-month interbank loans despite China’s efforts to keep money tight. It also explains the recent drop in the inflation premium built into US Treasury notes – despite a sharp rise in the price of oil, which normally tracks the inflation premium.

The econometric methods I employ to test this hypothesis will be opaque to non-specialist readers, but I report them as a matter of due diligence. Politicians lie, but the data do not. The data squeak and jibber seemingly at random, until we filter out the noise and tease out the underlying signal. And this signal shows clearly that the United States is more dependent on China than it ever has been in the past.

Let’s start with the dog that didn’t bark (or, to twist a metaphor, that barked in reverse). That’s the bond market’s gauge of expected inflation, the difference between the nominal Treasury note rate and the yield on inflation-indexed Treasuries (the inflation rate at which investors in nominal and indexed Treasuries “break even”).

This is one of the most consistent relationships in finance, and understandably so, given the importance of the price of energy for the overall price level.

There is any number of reasons why this might happen, but two are the most plausible. The first possibility is that bond investors are so persuaded by the Federal Reserve’s contention that inflation is “transitory” that they have decided to ignore the oil price signal that almost always guides inflation expectations.

The other is that someone is buying Treasuries who doesn’t care about inflation expectations. That would be a central bank, and the prime suspect is the People’s Bank of China (PBOC).

The PBOC, I believe, has intervened heavily in foreign exchange markets, soaking up dollars offered for sale against RMB, and investing the proceeds in US Treasuries. Such investments are hard to trace; the PBOC doesn’t necessarily hold Treasuries through its account at the Federal Reserve, but might buy through accounts in London or other financial centers. There are, however, in China’s money markets, tell-tale traces of intervention.

There are two key benchmark rates in China’s money markets: The rate at which the PBOC lends to banks, namely the seven-day repurchase (or “repo”) rate, and the 3-month Shanghai Interbank Offered Rate (or “SHIBOR”), the rate for loans among the major banks, which borrow and lend as their reserve requirements dictate.

SHIBOR is the rate more closely linked to the foreign exchange market. The interest-rate measure that tracks the dollar-RMB parity most closely is the difference between SHIBOR and the London Interbank Offered Rate in US dollars (LIBOR). That conclusion comes from testing all Chinese money-market rates against the US dollar-Chinese yuan (CNY) exchange rate.

The relationship is even tighter than the above chart suggests. If we create a forecast of the USD/CNY exchange rate by regressing weekly changes in the USD/CNY rate against weekly changes in LIBOR and SHIBOR, we obtain a very close fit for the exchange rate during the past six years.

As noted, one big anomaly in the market is the broken link between the oil price and breakeven inflation. The other is the 3-month SHIBOR rate itself. SHIBOR has been falling while the benchmark 7-day repo rate has been rising.

That’s very unusual; it suggests that the PBOC is adding reserves to the banking system while keeping its lending rate to the banks high. As an instrument of monetary management, that makes no sense.

But it does make sense if the PBOC is buying dollars on the foreign exchange market, and printing RMB with which to buy them. The increase in RMB deposits will reduce the banks’ requirements for interbank loans, and bring down the SHIBOR rate.

A further tell-tale sign is that the CNY exchange rate has led to changes in SHIBOR during the past two years. The chart below shows the correlation between lagged values of the CNY/USD exchange rate and SHIBOR at intervals of zero to twenty days.

The longer the bar, the greater the correlation. Lagged values of CNY have a higher correlation with each day’s value of SHIBOR than vice-versa. This is additional evidence that the exchange rate is leading the Chinese interbank money market.

I would be surprised to learn that the US Treasury and the PBOC have worked this out in some kind of tacit policy agreement. The current is so strong that the US is being caught up in a Sinocentric vortex of trade and capital flows whether it likes it or not.

Eventually, US-China policy will adjust to the misery of America’s present circumstances.

— Source: Asia Times

[mediahongkong]

易： 截止2020年底，外资持续3年净流入，境外投资者持有A股市值突破3万亿元。当前，市场上也出现了一些有趣的现象。比如，部分学者、分析师关注外部因素远远超过国内因素，对美债收益率的关注超过LPR、Shibor和中国国债收益率，对境外通胀预期的关注超过国CPI。

[whatiworekoc]

Investigating Skyline Markets Scam

They had no revenues last year but now are quietly selling these machines. The Labor Department released its weekly jobless claims report Wednesday morning, showing another 803,000 individuals filed for first-time unemployment benefits last week, ticking down slightly from last week but holding at a historically elevated level. The signal was clear and the returns are amazing where I traded $2,647,343 USD with 23,000 shares down. British Medical Association expert Dr Richard Jarvis said, "I think parents would want to take into account that the flu - although this particular strain is relatively mild for the most part - is something that will knock people off their feet for a few days and we are seeing appreciable morbidity, severe side-effects and sadly the occasional death". When step 2 and 3 have taken place, the next target will be one of the pigs (Portugal, Italy, Greece, Spain) in Europe. Clearly, it’s one of the best unique boutique s to buy for the coming year.

Balancing risks and rewards: As an energy producer, you receive the best prices for your physical commodity when prices are high. Are you more of a passive investor? The China property market will start to damper because it becomes more expensive for foreign investors to invest in properties due to unfavourable exchange rates. By right, the Moody's downgrade of China's credit rating would cause Renminbi to depreciate because more investors would stay away from China resulting in lesser capital inflows and more outflows. This difference in consideration will not sit well with the Malaysia side as Malaysia has more considerations than SG. Consequently, Malaysia will want to adopt the same HSR system for its KL-SG HSR. Well, Singapore is responsible for 15km while Malaysia will build 335km of the 350km KL-SG HSR. Usually, you will visit a relative or friend who has just had a baby with a gift as a sign of happiness.

Therefore, fixed income fund manager will be monitoring the spreads between Hibor & Shibor for any arbitrage opportunities. Overnight CNH Hibor is still high at 8.7%. Can you imagine paying 8.7% just for borrowing Renminbi for an overnight? On the upside, there will be some resistance at $15.47 ( Friday's High ), $16.25, and Thursday's High of 17.60. A close above $17.60 and it is likely $20 will be retested. And it doesn’t end there. Furthermore, the US commerce secretary had indicated that there would not be any US-China trade deal as the 2 countries were miles apart. The GM is retrenching 14,000 staffs and more companies will follow suit if the US-China trade war continues or escalates. If Trump and Xi cannot reach a detente in the G20 summit, the stock markets will fall significantly again because the euphoria of the trade talk has been factored into the stock markets now. However, when the bond yields start to rise rapidly, the risk-averse investors will flock to bonds and dump riskier assets that they bought previously. However, there was only a knee jerk reaction and the stock markets became euphoria with Trump being the president.

There is no fast method to become a NSE and BSE market master. Subsequently, the high interest rates caused the Thai stock market to collapse and exacerbate its economy. The White House task force, which includes the federal government's leading infectious disease expert Dr. Anthony Fauci, has been diminished in recent months as Trump grew impatient that efforts to slow the virus was having deleterious impact on the economy. My guess will be Italy because it is a big economy with high debts. Turkey looks set to hike or keep its high interest rates long enough to protect its lira. SGX just doesn't understand the capital market and stock trading exchange well enough. RIMM is the ultimate day trading stock right now in my opinion. 14.65 as well as $14.81 which is the 50 day moving average. AIG has support located at $35.72 which is the 200 day moving average. The group said it is braced for annual pre-tax losses of up to £15million, against profits of £108.3million the previous year, though it said the hit was contained thanks to Government support. In 1997, HK was returned to China with limited coffer because the UK had siphoned the HK government funds.

[qingdynastyempiredaily]

China’s short-term money rates fall to two-week low as PBOC injects liquidity

China’s short-term money rates fall to two-week low as PBOC injects liquidity

February 2, 2021 SHANGHAI (Reuters) – China’s short-term money rates eased to two-week lows on Tuesday as signs of liquidity tension in the interbank money markets started to fade, traders said. The Shanghai Interbank Offered Rate (SHIBOR) for the one-week tenor, the Chinese yuan equivalent of Libor, fell to 2.241%, the lowest level since Jan. 18, compared with a near six-year high of 3.194% in…

[andnatiabrosca]

A Dwarven Writing System

Originally produced for my own use, this is growing out of control, and I thought it might be nice to share.

Final Outcome:

Details under the cut:

Step 1: Create a .txt file containing every dwarven word I could find on the wiki. [1 2]

Assumption 1: Any dwarven writing system would be in place before the use of Trade tongue.

I followed a few rules while inputting these values: 

I did not use the letter ‘y’ -> I substituted ‘i’ for each ‘y’. Reason: ‘y’ was present only in names, not in any of the dwarven words provided on the wiki.

I (tried to) input each word only once. This is important later.

I did not include any names (from the second source) or words/phrases (from the first) that were not dwarven.  For instance, I did not include Lace Harding in the list, because her name isn’t very dwarven, in sound, etymology, or spelling convention.

Czibor became Shibor because the ‘ch’ phoneme only exists in his name. That’s bad language.

I did not include hyphens or apostrophes.  I’m going to call their use a ‘romanization’ artifact. (Not including them made my code easier, and they don’t show up often after all.)

Step 2: Write a MATLAB script to count the total instances of each character (letter), and then calculate the overall frequency of each letter over the whole data set.  (#_of_instances_of_letter/total_letters). [[I am not that skilled, so I ended up just googling it and being very happy someone else had figured out the code already!]]

This generated two items:

A frequency list, with numerical values

A bar graph

The bar graph:

Conclusions from graph:

‘A’ is, unsurprisingly, the most frequent letter

It should, thus, be easy to write

‘J’ is almost completely unused

It will likely be more difficult to write

‘Q’, ‘X’, and ‘Y’ do not exist

‘Z’ is surprisingly rare

Temptations from graph:

Combine ‘B’ and ‘P’

Drop ‘Z’ for a ‘TS’ combination

Combine ‘C’ and ‘K’

Combine ‘J’ and ‘G’

Step 3: Compare graph with raw data (word list) and see if any of the temptations are plausible.

Conclusions:

‘Branka’ sounds stupid with a ‘P’ sound

‘B’ and ‘P’ will not combine

‘C’ is only used as a hard consonant.

Will be combined with ‘K’

‘G’ is never used soft

‘J’ stays

Will be more complex, likely

‘Z’ is used in ‘Orzammar’

 ‘Z’ stays

Step 4: Create list of canon examples of characters in dwarven writing (Trade tongue, specifically). [3 4 5 6]  From the data collected above, I require 25 distinct characters (’th’ ‘sh’ and ‘.’ all require characters, in addition to the 22 above).   [To be clear: I have chosen not to use capital/miniscule writing, for the sake of ease, and that old runic scripts didn’t seem to be the biggest fans of capitals.]

Assumption 2: The game is absolutely NOT inclined to present anything that might be made into a workable language.  The symbols used, however, can be used into the new construction.

Step 4: Assign letters to the characters, based on frequency of letters vs simplicity of characters. (And somewhat on frequency of characters in example text.)

Done!  Have some samples!

[serenataserano]

Thank you all for coming to our showroom in Tokyo!

東京ありがとうございました!

Photography: Kostis Fokas

Photographer Assistant : Margarita Pittara

Model: Angelique K. 

www.serenataserano.com

#sustainablefashion #ecofashion #plantbased #organicdye #plantdye #handdye #botanicaldye #respectnature #respectanimals #ecology #vegan #handcrafted #slowfashion #ethicalfashion #earthfriendly #earthconscious #shibori #japanesefabric #japanesephilosophy #japaneseminimalism

[fx999blog]

4月8日上海银行间同业拆放利率Shibor

© Reuters. 4月8日上海银行间同业拆放利率Shibor 4月8日上海银行间同业拆放利率Shibor：隔夜Shibor报1.7600%，下跌6.40个基点； 1周期报2.0140%，上涨7.50个基点2周Shibor报2.0570%，上涨5.40个基点；1个月Shibor报2.5230%，下跌0.90个基点。

[curveaheadmarketstrategies]

China's Central Bank Injects Cash Into Money Market

China's Central Bank Injects Cash Into Money Market $FXI #China #emergingmarkets

China’s (FXI, quote) central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity. (more…)

[forextutor-blog]

New Post has been published on Forex Blog | Free Forex Tips | Forex News

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/chinas-market-news-bitcoin-slides-on-pbocs-warning/

China’s Market News: Bitcoin Slides on PBOC’s Warning

This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources.

– Bitcoin plunged -5.4% against the Yuan following PBOC’s warning.

– The onshore Yuan liquidity remained tight despite of the Central Bank’s injections.

– See theDailyFX Economic Calendar for the upcoming key events.

To receive reports from this analyst,sign up for Renee Mu’ distribution list.

Yuan Rates

–The PBOC strengthened the Yuan by +467 pips or +0.68% against the U.S. Dollar to 6.8525 on Wednesday. Both the onshore and offshore Yuan remained stronger than the guided level: the USD/CNY traded at 6.8359 and the USD/CNH traded at 6.8120 as of 10:35am EST. Amid a weak Dollar in the short-term, the Yuan may advance further against its U.S. counterpart. The next key support level to watch for the USD/CNH is 6.7818.

– Bitcoin plunged -5.4% against the Yuan on Wednesday following PBOC’s warning against risks in Bitcoin trading. China Central Bank’s Shanghai Head Office said on Wednesday that the regulator has found irregularities in major Bitcoin exchanges: Bitcoin China operated beyond the scope of and failed to use third-party custody accounts for investors’ funds; OKCoin and Huobi carried out margin trading without regulator’s approval and also failed to set up internal anti-laundering compliance program. Looking forward, traders will want to keep an eye on PBOC’s moves; it is less likely that the regulator will ban the digital currency, but may introduce regulations to strengthen oversight on its trading.

BTC/CNY 1-Day

Prepared by Renee Mu.

– The onshore Yuan liquidity continued to tighten on Wednesday. From overnight to 1-year term, Yuan’s borrowing costs all rose in Shanghai interbank market. SHIBOR O/N, 1-week, 1-month and 1-year increased +7.17 bps, +3.76 bps, +3.86 bps and +1.92 bps on the day.

Data downloaded from Bloomberg; chart prepared by Renee Mu.

The PBOC added a net of 410 billion Yuan of cash through reverse repos on Wednesday, marking it the third consecutive day with a net injection. However, this has not eased the condition. According to Hexun News, a leading Chinese financial media, traders in major Chinese banks told that banks are concerned of whether the PBOC will renew Medium-term Lending Facility on Thursday and thus have been cautious in lending. Also, China’s monetary policy in 2017, which has become tighter compared to previous years, may have also weighed on the liquidity condition.

Market News

China Finance Information: a finance online media administrated by Xinhua Agency.

– The expansion in China’s housing prices has slowed down in the last month of 2016 amid restrictions on home purchases, according to a report released by the statistics bureau on January 18th. Property prices in tier-one cities saw decreases in December on a monthly basis: this is the first time that Beijing reported a drop in housing prices in 2016; prices in Shanghai fell for the second consecutive month and prices in Shenzhen fell for the third straight month. Regulations placed on the housing market are likely to remain in effective in 2017, as Chinese policymakers have set stabilizing the housing market as a national priority.

To receive reports from this analyst,sign up for Renee Mu’ distribution list.

China’s Market News: Bitcoin Slides on PBOC’s Warning China’s Market News: Bitcoin Slides on PBOC’s Warning https://rss.dailyfx.com/feeds/forex_market_news $inline_image

[moneydjnews]

陸公開市場維持資金均衡；Shibor各期多走揚

大陸人民銀行今(30)日表示，為維護銀行體系流動性合理充裕，今日展開7天期500億元(人民幣,下同)逆回購操作，得標利率持平2.2%；由於今日有500億元逆回購到期，人行單日實現零投放與零回籠。

今上海銀行間同業拆放利率(Shibor)維持多數上漲，隔拆利率續跌8.1個基點至1.369%，7天期轉漲0.9個基點至2.183%，14天期則轉跌4.1個基點至2.24%，1個月期續漲1.2個基點至2.288%；3個月期續漲0.4個基點至2.59%，6個月期續漲0.5個基點至2.705% ，9個月期亦續升0.4個基點至2.756%，一年期續漲0.5個基點至2.82%。MoneyDJ 新聞 2020-07-30 12:06:12 記者新聞中心 報導

[ceocase]

央行回笼流动性3800亿元，市场仍在期待全面降准

6月以来央行的操作意图明显的，即在公开市场操作中缩量续作流动性投放，适度抬升短端利率，打击结构性存款，抑制套利

图/Flickr

文|《财经》记者 张威 编辑| 袁满 符合市场预期，央行继续缩量续作OMO（公开市场操作）。 6月8日上午，为维护银行体系流动性合理充裕，人民银行以利率招标方式开展了1200亿元逆回购操作，利率维持在2.20%，与此前持平。数据显示，今日有5000亿元MLF（中期借贷便利）到期，实现流动性回笼3800亿元。 央行并未将到期的5000亿元MLF全部回笼，市场人士分析，6月以来央行的操作意图还是比较明显的，即有意缩量续作OMO，适度抬升短端利率，打击结构性存款，抑制套利。“不过，今天在到期5000亿MLF的情况下，只投放了1200亿OMO，还是延续了前期策略，不希望短端利率下降的过快。” 市场情绪略有紧张，Shibor多数上行，…