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Tag Archives: china
U.S. Navy Considers Setting Up Ship Base in Australia
U.S. Navy Considers Setting Up Ship Base in Australia (Bloomberg) — The U.S. is in talks with Australia about “basing” Navy vessels in its main South Pacific ally, Chief of Naval Operations Admiral Jonathan Greenert said, a move that would risk inflaming tensions with China. “We’re doing a study together with the Australia Defence Force […]
China opposes US plans to supply arms to Ukraine — Foreign Ministry
China opposes US plans to supply arms to Ukraine — Foreign Ministry People in eastern Ukraine now are more in need of peace rather than weapons, China’s Foreign Ministry spokesperson said commenting on the US plans BEIJING, February 9. /TASS/. China is against Washington’s plans to provide Ukraine with weapons, the country’s Foreign Ministry spokesperson […]
Official Suspected of Biggest Financial Fraud in China’s History Investigated
Official Suspected of Biggest Financial Fraud in China’s History Investigated The high-living nephew of a former Chinese communist leader is said to be in the crosshairs of the Party’s anti-corruption investigators, according to a number of reports in the Hong Kong press recently. Hong Kong press reports are not always reliable, but often enough include […]
China’s Monumental Debt Trap—-Why It Will Rock The Global Economy
China’s Monumental Debt Trap—-Why It Will Rock The Global Economy Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey’s latest update on the worldwide debt tsunami. If you don’t mind a tad of rounding, the planetary debt total now stands at $200 trillion compared to world GDP of just $70 […]
Paul Singer Warns “The Consequences Of Monetary Manipulation Are Unknowable”
Paul Singer Warns “The Consequences Of Monetary Manipulation Are Unknowable” The world believes it is in a sweet spot. There is global consensus that central banks know what they are doing and are in control, and that if economies falter, a bigger dose of QE or ZIRP or NIRP (negative interest rate policy – we just […]
Yes it is Scary – But Necessary
Yes it is Scary – But Necessary COMMENT: Hi Martin, Once again, thank you for all the information you provide on a daily basis. It is informative as well as scary at the same time. I’m afraid you are preaching to the hard headed. Here in Canada, people truly believe in government and socialist ideologies. It […]
As China’s Offshore Yuan Crashes To A 2 Year Low, Beijing Warns Its Citizens: “Don’t Buy Dollars”
As China’s Offshore Yuan Crashes To A 2 Year Low, Beijing Warns Its Citizens: “Don’t Buy Dollars” We won’t go into the specific details of China’s burst housing bubble, the shady underworld of itspyramid scheme wealth-management products, the fact that any hard asset in China is rehypothecated literally a countless number of times, the nuances of its deflating shadow […]
Russia And China’s Growing Energy Relationship
Russia And China’s Growing Energy Relationship Russia’s economic freefall and isolation from the West has made it increasingly eager to build its relationship with China, even at the cost of lost leverage with Beijing. But new economic data from China shows that Russia has succeeded in capturing a larger share of the massive – and […]
Currency Wars – Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data
Currency Wars – Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data UPDATE: Since we published our blog this morning, the Dutch central bank has denied that it added to its gold reserves in December. De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up […]
China Switches to Supporting Yuan as Outflows Mount: Currencies
China Switches to Supporting Yuan as Outflows Mount: Currencies Managing the yuan is turning into a different game for China’s policy makers these days. After more than a decade of curbing the currency’s gains to help turn the nation into a manufacturing colossus, there are signs the People’s Bank of China is now propping up the yuan to […]
The Scale Of The Chinese Real Estate Crash Is Terrifying
The Scale Of The Chinese Real Estate Crash Is Terrifying We hear a great deal about the credit binge in advanced economies that helped lay the foundation for the 2008 financial crisis and is also widely blamed for holding back the pace of the recovery. Well, while the West has been unwinding some of this […]
Shocking Images Of China’s Dire Pollution Problem
Shocking Images Of China’s Dire Pollution Problem China has some stunningly beautiful natural landscapes, but, as boredpanda.com explains, they may not count for much when, in other parts of the country, pollution runs totally unchecked. China is very close in size to the USA. Yet, as The Burning Platform notes, their population is the size of the entire Western Hemisphere, […]
Russian Sanctions Might Be Obama’s Greatest Blunder
Russian Sanctions Might Be Obama’s Greatest Blunder One of the greatest foreign policy blunders of the Obama Administration was the push by the U.S. for economic sanctions against Russia. That led to Russia fleeing into the arms of China for refuge. In response, Russia, Europe’s largest and most populated country, is now intent on moving […]
The Truth About The Monetary Stimulus Illusion
The Truth About The Monetary Stimulus Illusion Perhaps economic policymakers, including Federal Reserve Chair Janet Yellen and the Bank for International Settlements, should take a closer look at Japan, China, and yes, the United States, when debating the limits of monetary stimulus and the dangerous nature of financial bubbles. The discussion is happening too late to […]
