http://www.bloomberg.com/apps/news?pid=20601087&sid=av3Y_L6a1pZI&refer=home
Global Stocks Advance, S&P 500 Rallies Most in Five Months
http://mpettis.com/2009/03/did-china-experiencing-january-hot-money-outflows/
The market (or at least that part of the market that obsesses over balance of payment flows) has been swept with rumors today that foreign exchange reserves were down in January by $30 billion. My experience with these sorts of rumors is that they tend to be fairly accurate, and I suspect they will soon be confirmed.
If true, what does this imply about hot money flows? The PBoC's accounts have been more opaque than ever and it is extremely difficult to figure out what is really happening, but let me give try at least to bracket the range of outcomes.
http://flowingdata.com/2009/03/13/27-visualizations-and-infographics-to-understand-the-financial-crisis/ Crisis in visualization
