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Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the Economy
Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the Economy Deflation Threatens to Swallow the World Many high-powered people and institutions say that deflation is threatening much of the world’s economy … China may export deflation to the rest of the world. Japan is mired in […]
What Will China Dump Next, After Treasuries, to Keep Control?
What Will China Dump Next, After Treasuries, to Keep Control? “Practically boundless” future capital outflows. “Beneath all of the financial turbulence there lurks, in my view, a credit crisis; I fear the worst now,” UBS economic adviser George Magnus told Bloomberg TV today. The reform agenda “has stalled,” he said, and “things are looking much bleaker for […]
Stock Markets All Over The World Crash As We Begin 2016
Stock Markets All Over The World Crash As We Begin 2016 The first trading day of 2016 was full of chaos and panic. It started in Asia where the Nikkei was down 582 points, Hong Kong was down 587 points, and Chinese markets experienced an emergency shutdown after the CSI 300 tumbled 7 percent. When European […]
The Lull Before The Storm—–It’s Getting Narrow At The Top, Part 2
The Lull Before The Storm—–It’s Getting Narrow At The Top, Part 2 The danger lurking in the risk asset markets was succinctly captured by MarketWatch’s post on overnight action in Asia. The latter proved once again that the casino gamblers are incapable of recognizing the on-rushing train of global recession because they have become addicted to “stimulus” as […]
China Takes “10 Steps Back,” Slaps 20% Reserve Requirement On Currency Forwards
China Takes “10 Steps Back,” Slaps 20% Reserve Requirement On Currency Forwards Overnight, China decided to take steps to reduce “macro financial risks.” And by that they mean “do something quick to help ease pressure on the yuan” and by extension, on the PBoC’s rapidly depleting FX reserves. To that end, starting October 15 banks will […]
This Is What Global Currency War Looks Like: A Complete History Of Recent FX Interventions
This Is What Global Currency War Looks Like: A Complete History Of Recent FX Interventions After the dramatic collapse in the SNB’s defense of the Swiss Franc peg to the Euro, there was a period of relative FX peace in which few if any central banks engaged in outright currency intervention (aside from the countless […]
Futures Soar On Hope Central Planners Are Back In Control, China Rollercoaster Ends In The Red
Futures Soar On Hope Central Planners Are Back In Control, China Rollercoaster Ends In The Red For the first half an hour after China opened, things looked bleak: after opening down 5%, the Shanghai Composite staged a quick relief rally, then tumbled again. And then, just around 10pm Eastern, we saw acoordinated central bank intervention stepping […]
Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis
Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis The latest example of Canadian politicians’ (in)action in regard to real estate prices getting out of control is the recent decision by the B.C. Premier Christy Clark, to reject the idea of raising taxes for overseas investors — despite a petition from her constituents that attracted some 25,000 signatures. “By […]
Hong Kong’s Chief Executive Publicly Tells Citizens to “Act More Like Sheep”
Hong Kong’s Chief Executive Publicly Tells Citizens to “Act More Like Sheep” Hong Kong’s unpopular chief executive has infuriated pro-democracy campaigners by using a Chinese New Year message to urge the former colony’s citizens to act more “like sheep”. “In the coming year, I hope that all people in Hong Kong will take inspiration from […]
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 […]
Democracy or The Rule of Law – Ludwig von Mises Institute Canada
Democracy or The Rule of Law – Ludwig von Mises Institute Canada. One of the most heated topics last month was the protest in Hong Kong, led by students who were later joined by other Hong Kong citizens. The main issue between the government and the protesters is the Chief Executive Election method for 2017. […]
Hong Kong police pepper spray protesters as hundreds try to surround govt office — RT News
Hong Kong police pepper spray protesters as hundreds try to surround govt office — RT News. Hong Kong police have used pepper spray to prevent hundreds of protesters from encircling the government headquarters, as China’s special administrative region continues to be gripped by demonstrations which began two months ago. Demonstrators chanting “Surround government headquarters” and “Open the […]
Hong Kong police arrest more than 100 people as scuffles break out; Mong Kok protest camp cleared – ABC News (Australian Broadcasting Corporation)
Hong Kong police arrest more than 100 people as scuffles break out; Mong Kok protest camp cleared – ABC News (Australian Broadcasting Corporation). Police in Hong Kong have arrested more than 100 people, including two prominent student leaders, while breaking up a protest camp in the city’s Mong Kok district. Fresh scuffles broke out as […]
