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Forced Buy-Ins Spark “Liquidity Crisis” In China’s ‘Nasdaq’

Forced Buy-Ins Spark “Liquidity Crisis” In China’s ‘Nasdaq’ Marking the worst year since 2008, China’s tech-heavy (Nasdaq-equivalent) Shenzhen Composite index is down a shocking 35% year-to-date, and it’s starting to become a self-feeding vicious circle… As Bloomberg reports, the most recent slump in the teach-heavy index comes despite regulators’ efforts to rein in risks of […]

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How to Manipulate Stocks: Chinese Authorities Step in to Stop the Rout

How to Manipulate Stocks: Chinese Authorities Step in to Stop the Rout For proper effect, the directives were purposefully leaked to the media. The Shanghai Composite Index plunged 10.2% last week, the largest weekly drop in two years, and was down 11.4% since January 26. But it wasn’t just last week that things became unglued. […]

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A “Death Spiral” for the Chinese Yuan?

A “Death Spiral” for the Chinese Yuan? The “impossible trinity.” The authorities in China are in a desperate juggling act, trying to keep a growing number of rotting oranges, porcelain plates, burning torches, and explosives in the air all at the same time. But it’s not working very well anymore. Thursday morning, the People’s Bank of […]

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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 […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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