Below is a chart and brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more.

One of the biggest impediments to Chinese “stimulus” causing an #acceleration in growth is a STRONG US DOLLAR. As anyone who has read Darius’ research on the matter knows, this time is actually different for China. They’re no longer running a massive current account surplus.

And… being the EM world’s largest borrower of US Dollar denominated debt, they are effectively short US Dollars.

CHART OF THE DAY: Long China? - China Is Increasingly Short of Dollars and its Weighing On Growth