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Brazil Cut To Junk By All Three Ratings Agencies After Moody’s Joins The Fray

Brazil Cut To Junk By All Three Ratings Agencies After Moody’s Joins The Fray Back in December we warned that Brazil faced a “disastrous downgrade debacle” that would eventually see the beleaguered South American nation cut to junk by all three major ratings agencies. S&P had already thrown the country into the junk bin and […]

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Citi On Why Negative Rates Are Like Potato Chips: “No One Can Have Just One”

Citi On Why Negative Rates Are Like Potato Chips: “No One Can Have Just One” Now that Japan has let the negative rates genie out of the bottle, or as DB put it, ‘opened the Pandora’s Box‘ and in the process unleashed the latest global “silent bank run” and capital flight, prepare to hear a […]

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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 […]

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Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down

Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down This was not supposed to happen. After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China’s stock bubble burst in late […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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