The outer maturities for oil prices remain seriously depressed without any visible means to correct that, no matter what Janet Yellen declares about 2% inflation anchors. As last week, the Asian "dollar" is noticeably absent from the fireworks as SHIBOR continues to be pegged but offshore yuan rates (CNH HIBOR) aren't too disturbed, either. The combination of declining acceptance of the "transitory" central bank fantasy and the reality of the "dollar", especially broadly in so many negative moves, is a potential avalanche.