Technical Update
byWracked by the actions of the various central banks – which gave us another key reminder that volatility does not equate to risk –…
China
A Slow Boat in China
byStill struggling to move from its ‘Three Overlay’ period – essentially the indigestion added by the post-GFC ‘stimulus’ burst to the already unbalanced economic…
Spare dollars
byLast week I wrote that contrary to the prevailing mood US dollar strength could reverse at any time. This week I look at another…
New Normal
byJust over three weeks ago, in his keynote address to the Global Corporocracy at the so-called ‘Summer Davos’ meeting in Tianjin, Li Keqiang firmly…
Back to the future
by“Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ?…
Is This China’s QE?
by[Editor’s note: this piece was first published at Zero Hedge, which has had several excellent articles tracking the effusions of the PBOC and their…
Renewed estimates of Chinese gold demand
byEditor’s note: This article was previously published here at Goldmoney.com. It is republished with thanks. Geopolitical and market background I have been revisiting estimates…
China and gold
byChina is now overtly pushing for the US dollar to be replaced as the world’s reserve currency. Xinhua, China’s official press agency on Sunday ran…
The wrong kind of consumption
bySince our last attempt at a textual analysis of where the economic pain threshold lies for China’s rulers, the intervening period has been punctuated…
ToP of the BoPs
byOver the past four decades the global economy has largely experienced prolonged imbalances, with countries running large current account deficits in symbiotic relationships with…