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Third US Coronavirus Case Confirmed In Orange County, 40 Reported In Shanghai
Third US Coronavirus Case Confirmed In Orange County, 40 Reported In Shanghai Hundreds of medical personnel are rushing to Wuhan following yesterday’s tragic death of Doctor Liang Wudong, of the ENT department of Hubei Xinhua Hospital, who died Saturday while fighting to suppress the virus. The South China Morning Post reports that 1,350 medics (presumably from the […]
Bubbles, Balloons, Needles and Pins
Bubbles, Balloons, Needles and Pins M. C. Escher Meeting (Encounter) 1940 It’s no surprise that China has its own plunge protection team -but why were they so late?-, nor that Beijing blames its problems on Trump’s tariffs. GDP growth was disappointing at 6.5%, but who’s ever believed those almost always dead on numbers? It would […]
The yuan-oil future and gold
The yuan-oil future and gold “There can be little doubt that the introduction of the yuan-denominated oil future has been a major strategic step for China.” Regular readers of Goldmoney’s research will be aware that we were among the first to alert western financial markets that China would introduce a new oil futures contract priced […]
Is Peak Car Headed for Seneca’s Cliff?
Is Peak Car Headed for Seneca’s Cliff? This text follows my recent keynote at Seoul Smart Mobility International Conference. The author thanks Seoul Design Foundation and @Seoul_gov for their invitation. I also thank XuanZheng Wang, professor, China Central Academy of Fine Arts (CAFA), for alerting me to the @Mobike developments. Two hundred people per second […]
Don’t listen to the ruling elite: the world economy is in real trouble
Don’t listen to the ruling elite: the world economy is in real trouble Andy Xie says those attending the G20, Davos and other wasteful meetings are wrong to try to pin the blame for the turmoil on people’s psychology; all signs point to a prolonged period of global stagnation and instability The G20 working group […]
The FX Mexican Standoff
The FX Mexican Standoff Theodor Horydczak Lincoln Memorial 1925 There has been quite a bit of talk lately over the need for a new Plaza Accord, something several parties saw happening during this weekend’s G20 summit in Shanghai -hence the term ‘Shanghai Accord’-. (On September 22, 1985 at the Plaza Hotel in New York City, France, West […]
Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?
Guess What Happened The Last Time The Chinese Stock Market Crashed Like This? The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion […]
Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down (Despite PBOC Hail Mary)
Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down (Despite PBOC Hail Mary) Carnage… *CHINA STOCK PANIC SELLING TO CONTINUE, CENTRAL CHINA ZHANG SAYS This leave China’s CSI-300 broad stock index futures up just 7% year-to-date… *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT […]
Housing Crash in China Steeper than in Pre-Lehman America
Housing Crash in China Steeper than in Pre-Lehman America China has long frustrated the hard-landing watchers – or any-landing watchers, for that matter – who’ve diligently put two and two together and rationally expected to be right. They see the supply glut in housing, after years of malinvestment. They see that unoccupied homes are considered […]
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 […]
