China caused waves across our portfolio. First of all, in an admission that something was needed to set GNP growth back on track, China cut interest rates in a new stimulus initiative.

More follows from Singapore, China, and Hong Kong, and other places like Mexico, Britain, The Netherlands, S. Africa, Canada, Portugal, Spain, Brazil, and Finland.

Low growth can be as much of a catalyst for high debt as high debt can be a catalyst for low growth.

It is always good to read a guide to the perplexed about buying foreign shares. In general, American Depositary Receipts or ADRs exist to make it easier for individual investors (not necessarily Americans) to buy foreign stocks.

The probe hinges upon the suspicion that the traders at the banks manipulated the foreign exchange rates which served as benchmarks for huge amount of investments.

Despite what Bloomberg is writing from China, it is not Chinese exchange controls and use of special rules for qualified investors that is the cause for the impossibility for its customers to buy BABA.