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Olduvai III: Catacylsm
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One Analyst Says China’s Banking Sector Is Sitting On A $3 Trillion Neutron Bomb

One Analyst Says China’s Banking Sector Is Sitting On A $3 Trillion Neutron Bomb To be sure, we’ve long contended that official data on bad loans at Chinese banks is even less reliable than NBS GDP prints. Indeed, the lengths Beijing goes to in order to obscure the extent to which banks’ balance sheets are […]

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S&P Downgrades Japan From AA- To A+ On Doubts Abenomics Will Work – Full Text

S&P Downgrades Japan From AA- To A+ On Doubts Abenomics Will Work – Full Text Who would have thought that decades of ZIRP, an aborted attempt to hike rates over a decade ago, and the annual monetization of well over 10% of sovereign debt would lead to a toxic debt spiral, regardless of how many […]

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Why It Really All Comes Down To The Death Of The Petrodollar

Why It Really All Comes Down To The Death Of The Petrodollar Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%. The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of the Russian […]

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Abenomics End Game: Thousands Protest In Downtown Tokyo, Demand Abe’s Resignation As PM Disapproval Soars

Abenomics End Game: Thousands Protest In Downtown Tokyo, Demand Abe’s Resignation As PM Disapproval Soars Considering that Shinzo Abe’s first reign as prime minister of Japan lasted precisely one year from September 26, 2006 until September 26 of the following year, when he voluntarily resigned due to diarrhea, the fact that he has managed to […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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