China chooses her weapons
byChina’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4…
Politics
Greece crisis proves the need for a currency Plan B
byThe recent Greek capitulation under pressure from other euro member countries, led by Germany, demonstrates that euro members have de factoceded sovereignty over fiscal policy to…
China’s 1929 moment
byAnyone with a nose for markets will tell you that the Chinese government’s attempt to rescue the country’s stock markets from collapse is far…
Open Letter to Alexis Tsipras
byDear Prime Minister Tsipras, First, congratulations for mustering the popular support to say “no” to the troika. The euro has long offered Greece a…
On To Immense Prosperity: The Brady-Cornyn Monetary Commission Proposes To Lead The Fed Out Of Uncharted Territory
byWe pixel-stained wretches of the Mass Media lately have been busy as ever transfixing you with spectacles. Meanwhile, something really important — softly outside…
Zero Hedge: It’s Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic
bySource: http://www.zerohedge.com/news/2015-07-26/its-not-just-margin-debt-presenting-complete-chinese-stock-market-ponzi-schematic Late last month in “The Biggest Threat To Chinese Stocks: Shadow Lending Crackdown“, we suggested that the pressure on Chinese equities –…
Acropolis Now, Again
byIt goes without saying that you pick up any newspaper or journal of late and one is bombarded with how Grexit and contagion risk…
Stockman: Why China’s Market Isn’t Fixed And The Global Bubble Will Keep Imploding
bySource: http://davidstockmanscontracorner.com/why-chinas-market-isnt-fixed-and-the-global-bubble-will-keep-imploding/ China’s stock market is purportedly all fixed and Thursday’s 6% bounce is just the beginning. Indeed, Goldman Sachs has already reiterated that the whole thing…
Productivity misconceptions
byIn the media warm-up for Wednesday’s UK budget, we were told of Britain’s poor productivity and Chancellor Osborne subsequently confirmed that his priority is…
Greece’s referendum
byThis coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving…