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China Opposes “Threatening And Damaging” US Carrier Patrols In South China Sea
China Opposes “Threatening And Damaging” US Carrier Patrols In South China Sea One day after the US announced it had dispatched the USS Carl Vinson aircraft carrier group in the contested South Chine Sea on “routine” patrols (through a post on the aircraft carrier’s Facebook page), China responded and predictably, it wasn’t thrilled. In a statement by the […]
People Are Suddenly Very Worried About China
People Are Suddenly Very Worried About China Considering that in the past 3 months the only daily topic of relevance for the media has been “Donald Trump” both in the US and abroad, one would assume that when it comes to global policy uncertainty the primary source would be, record S&P 500 paradoxically notwithstanding, the […]
Not Nearly Enough Growth To Keep Growing
Not Nearly Enough Growth To Keep Growing Jackson Pollock Shooting Star 1947 It’s amusing to see how views start to converge, at the same time that it’s tiresome to see how long that takes. It’s a good thing that more and more people ‘discover’ how and why austerity, especially in Europe, is such a losing and […]
There Are 66,719 Empty Mansions In Vancouver
There Are 66,719 Empty Mansions In Vancouver One year ago, when we first started discussing the Vancouver housing bubble, which as we first speculated – and was later confirmed – was the result of Chinese oligarch money-launderers parking “hot cash” in this offshore housing market (at least until a 15% property tax on foreign purchases made Seattle the […]
Unprecedented Moves Towards War With China Would “Upend Supply Routes, Trigger Global Recession”
Unprecedented Moves Towards War With China Would “Upend Supply Routes, Trigger Global Recession” Economic tensions are tipping over into military ones. Warships have sailed, and the rhetoric of Trump’s officials has shifted dramatically from the previous era. The larger threat to the petrodollar and the continuance of U.S. hegemony has been put face-to-face with a […]
Chinese Banks Begin To Raise Mortgage Rates
Chinese Banks Begin To Raise Mortgage Rates Raising rates on reverse repos, hiking the cost it charges on its Medium-Term Loan Facility and Standing Lending Facility, five consecutive day without a reverse repo liquidity injection (or rather a CNY715 billion liquidity drain), and now in the latest indication of overall tightening of monetary conditions, China has started […]
Only ‘large-scale war’ would allow US to block Beijing from S. China Sea islands, state media warns
Only ‘large-scale war’ would allow US to block Beijing from S. China Sea islands, state media warns Chinese ship and helicopter in the Paracel Islands, which is known in China as Xisha Islands, South China Sea. © Stringer / Reuters Chinese state media has warned that the US would have to launch a “large-scale war” […]
While Blaming Trump For “Arms Race”, Obama Signs Momentous “Star Wars II” Defense Bill
While Blaming Trump For “Arms Race”, Obama Signs Momentous “Star Wars II” Defense Bill As politicians and mainstream media blast Trump’s apparently incendiary tweet regarding nuclear arms, none other than President Obama just signed legislation that, by striking a single word from longstanding US nuclear defence policy, could heighten tensions with Russia and China and launch the country […]
China Losing Control? PBOC Imposes New Yuan Outflow Limits For First Time In Two Decades
China Losing Control? PBOC Imposes New Yuan Outflow Limits For First Time In Two Decades Late last week, we reported that in its latest push to limit and/or halt capital outflows, China unveiled new capital controls meant to stem further capital flight disguised as outbound M&A by clamping down with tighter controls on Chinese companies seeking to […]
Russia Threatens Retaliation If Washington Engages In “State Cyberterrorism”
Russia Threatens Retaliation If Washington Engages In “State Cyberterrorism” In the latest startling revelation that the US and Russia are ever closer to a state of, if not “kinetic”, then certainly cyberwar, overnight NBC reported that U.S. military hackers had penetrated Russia’s electric grid, telecommunications networks and the Kremlin’s command systems, making them vulnerable to […]
China Moves Forward with Its De-Dollarization Strategy
China Moves Forward with Its De-Dollarization Strategy The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world […]
Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed
Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed At the end of August, we did a follow up article on what we believe is a far bigger marginal driver to the price of oil than OPEC production (which may or may not be reduced by up to 750kbpd in November), namely the Strategic […]
China Is Cracking Down On Shadow Banking, But One European Country Is Encouraging It
China Is Cracking Down On Shadow Banking, But One European Country Is Encouraging It When you hear about Shadow Banking, most people still associate it with dodgy Chinese schemes where more and more financial transactions were conducted outside of the normal and regulated banking system. In a previous column, we already briefly discussed how the Chinese […]



