Zero Hedge: China Accounts For Half Of All Global Debt Created Since 2005: Here Are The Implications
byOver three years ago, in November 2013, when the world’s attention was still largely focused on what the “Big 4” central banks would do…
China
Benn Steil: Of Debt and Detriment
byIt is the exorbitant privilege of the United States that it can conjure the world’s primary reserve currency, Valéry Giscard d’Estaing, then French finance…
Bawerk.net: Chinese Philosopher Kings, Losing their Yuan FX Religion?
byIt took a while, but the world are slowly coming to grips with the simple fact that the red-suzerains in Beijing are not the…
Benn Steil: China’s Bond Market Can’t Handle a Global RMB
byThe Chinese RMB’s ascension into the IMF’s SDR currency basket in October has been widely seen as an important first step on its path to becoming…
China: something must burst
by“I know from a common sense financial standpoint that something has to burst. When a country is losing billions and billions and billions of…
Bawerk.net: China’s Lender of Last Resort Conundrum
byIt took a while to play through, but our assessment that China would increasingly become the petro-state lender of last resort is starting to come…
T-TIP: Salvation or trash-tip?
byPresident Obama weighed into the Brexit debate on his recent visit to the UK, saying that if Britain left the EU, she would be…
Eugen Böhm von Bawerk: Chinese Dragon: Breathing Credit Fumes
byEconomic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models…
Benn Steil: Could China Have a Reserves Crisis?
byLast summer, U.S. lawmakers were condemning China for pushing down its currency, arguing that it was still “terribly undervalued.” But those days may be…
Shorting the yuan is dangerous
byLast Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge fund community who are betting heavily…