This Is How They Fool Us, China Edition
So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is all better. And so, by
So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is all better. And so, by
Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of
A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn’t be trusted. He noted that it takes the
One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be
What’s the opposite of a gift that keeps on giving? A mistake that keeps metastasizing. Which pretty much sums up the US role in the
After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow
Not only did the Fed vote to keep interest rates stable yesterday, it did so overwhelmingly — with just as many members apparently favoring lower
That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes
Normally there’s a distinct pattern to the impact of Federal Reserve statements on the financial markets. The tone of equities trading in particular starts to
Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger commodities/derivatives bubble is threatening to
The Great Recession and its aftermath was actually the best of times for countries with natural resources to sell. The US, Europe and Japan ran
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
One (perhaps the only) bright spot in the past few years’ gold market has been Chinese and Indian demand for the metal. Here’s a chart,
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