(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. Global commodity trade plunged deeper into chaos as Chinese companies started walking away from purchase contracts because of the spread of the deadly coronavirus.A Chinese buyer of liquefied

If the CEO of HSBC has been lending $400b USD to china to help them prop up their Monopoly money, that accounts for half of the reserves we have calculated that have already run. The chinese bank forward position on CNH is another $450 billion. Their currency is a HOUSE OF CARDS.

And anyone else within earshot. Via the New Daily: China has threatened unspecified "countermeasures" if the United States goes ahead with plans to deploy ground-based missiles in the Asia-Pacific region, with a specific warning for Australia.

Wells Fargo, a huge traditional bank founded in 1852 to provide banking services, and mail delivery through the Pony Express, has recently come out stating that it does not allow its customers to purchase Bitcoin with their own funds. Wells Fargo's decision diverges from other leading financial institutions, who are becoming increasingly pro-crypto technology.

Lawrence Yun, chief economist for the National Association of Realtors, joins CNBC's "Power Lunch" to discuss why foreign buyers for U.S. homes are declining.