• Pivotfarm
    07/27/2014 - 17:57
    There never seems to be a day that goes by without someone predicting that China is going to go down the Yangtze and end up some creek without a paddle.

Archive

July 27th, 2014

Monetary Metals's picture

Like Dripping Silver Icicles





Notice the “icicles” dripping all over the place? They occur at different times of the day. What are they? Each one is a brief but dramatic price drop.

 

July 27th

Tyler Durden's picture

Apocalypse Preview: Chinese River Turns Blood-Red





Things in China are getting downright biblical. First it was the floating animal apocalypse: who can forget the 16,000 floating pigs, followed by a thousand dead ducks, culminating with 5 dead black swans. But nothing quite beats the dramatic impact of the inner river of Wenzhou flowing blood red.

 

Tyler Durden's picture

The Chinese vs Japanese Navy Head To Head: An Infographic





Tomorrow is the 100th anniversary of the start of World War I. Perhaps just as importantly, this weekend is also the 120th anniversary of the first Sino-Japanese war: a war between China's Qing dynasty and Meiji Japan. A war which China lost, and which has been a chip on China's shoulder ever since. As Hong Kong's SCMP reports "China's loss of the first Sino-Japanese war has been attributed to a disorganised navy. Although the northern fleet equalled, some say exceeded, the Meiji navy in terms of firepower, it was annihilated because it lacked coordination among its military units." In the context of constant recent flare ups over various contested East China Sea islands, one can see why the anniversary of the war coupled with a sudden spike in nationalistic ambitions of Japan's PM Abe, would be a sensitive issue to China. However, as we can see below, China no longer has an inferiority complex when it comes to its navy compared to that of Japan.

 

Tyler Durden's picture

John Hussman: "Make No Mistake - This Is An Equity Bubble, And A Highly Advanced One"





"Make no mistake – this is an equity bubble, and a highly advanced one. On the most historically reliable measures, it is easily beyond 1972 and 1987, beyond 1929 and 2007, and is now within about 15% of the 2000 extreme. The main difference between the current episode and that of 2000 is that the 2000 bubble was strikingly obvious in technology, whereas the present one is diffused across all sectors in a way that makes valuations for most stocks actually worse than in 2000. The median price/revenue ratio of S&P 500 components is already far above the 2000 level, and the average across S&P 500 components is nearly the same as in 2000. The extent of this bubble is also partially obscured by record high profit margins that make P/E ratios on single-year measures seem less extreme (though the forward operating P/E of the S&P 500 is already beyond its 2007 peak even without accounting for margins)."

 

williambanzai7's picture

THe DoNeTSK OPeN...





Golf anyone?

 

Tyler Durden's picture

The Italian Government Owes Over $100 Billion To Private Suppliers





Much has been said in the popular press about Italy's surprising economic recovery (which based on recent data is starting to lose steam), as well as its much improved fiscal picture (even if the country's public debt hits record highs quarter after quarter and the bad debt within its banking system just rose by 24% from the prior year, to €169 billion the highest since 1998). Little has been said about just how Italy managed to pull this economic miracle off. The answer: robbing private suppliers to pay Paul, or rather, the public sector. According to Reuters, the Italian state owes some 75 billion euros ($102 billion)to private suppliers, as reported by the Bank of Italy. The unpaid bills have starved companies of cash and triggered layoffs, factory closures and bankruptcies.

 

Tyler Durden's picture

"London Fix" Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit: The Complete Charts





While the allegations in the lawsuit are well-known to frequent (and all other) readers of Zero Hedge, we recommend reading the full filing as it explains in clear English just what the fixing process worked. Perhaps what is more interesting are the abnormalities in the price of gold as highlighted by Derksen, which clearly show the critical role the daily fix has in the manipulation of the price of gold, both in a downward and upward (mostly downward) direction: whichever suits the London Fix member banks.

 

Pivotfarm's picture

China’s Storm: 2016





There never seems to be a day that goes by without someone predicting that China is going to go down the Yangtze and end up some creek without a paddle.

 

Tyler Durden's picture

Second US Citizen Infected With Ebola In Liberia, Which Shuts Down Borders To Slow Epidemic





Update, one which many will say has been long overdue: Liberia Shuts Border Crossings to Slow Ebola Spread.

It was a few short hours ago when we reported that as part of the escalating Ebola epidemic in West Africa a US doctor, Kent Brantly had himself succumbed to the deadly virus. Moments ago we found out that a second US doctor from the same aid organization in Liberia, has been infected with Ebola.

 

Tyler Durden's picture

Gary Shilling: "Q2 GDP Was Closer To 1% Than To 3%. It Could Even Be A Negative Number"





This week, in the aftermath of the Q1 -2.9% GDP disaster, the biggest "non-recessionary" drop in 67 years which was blamed on harsh weather (because there have never been harsh winters in the past 67 years), we get the first glimpse of what Q2 GDP was in the US economy. It is expected to print just shy of 3%. However, one person disagrees: Gary Shilling believes that not only will Q2 GDP be closer to 1% than to 3%, there is a fairly good chance it could be negative, which of course would mean that the US economy has officially entered a recession.

 

Tyler Durden's picture

China Expands Live-Fire Gulf Of Tonkin Drill; Warns Of Massive Flight Disruptions





In a surprise announcement, China revealed that in addition to scheduled naval drills to be held near Vietnam (in case there isn't nearly enough tensions between China and the former US war foe) the country's Military of Defense announced that it would expand military drills in the East China Sea, which will re-escalate the already boiling territorial disputes which involve Japan, the Philippines and Vietnam. While the scale of the current drills is bigger than in the past, it’s a coincidence the annual exercises are being held at the same time, Beijing News reported yesterday, citing Zhang Junshe, a researcher at Navy Military Research Institute. The irony that this is happening as China is already conducting a massive live-fire drill off Beibu Bay, also known as Gulf ot Tonkin, will hardly escape readers, although we doubt even China will be so daring as to troll the US with a follow up "false flag" operation that launches a "contained" regional war.  In addition to Tonkin, China is also engaging in a drill in the Bohai Strait next to North Korea, and now: the East China Sea, just to make sure Japan and Taiwan are also covered just in case.

 

Tyler Durden's picture

Forget What They Say And Watch What They Do





Once again we are breaking records on a near weekly basis. Week after week and sometimes daily new never before seen in the history of financial markets record prints. Yet, business people across the spectrum don’t feel it, nor are they buying it. Should one be worried about this conundrum? Financial mavens say no. In earnest, most seem to insinuate one should “Just buy the all time highs and sleep like a baby.” Then again, that’s what they say all the time do they not? So what is someone to do that doesn’t believe the hype or the meme “it’s different this time” and can’t get that feeling out of their gut for they know – it truly never is? You pay attention to when implementations seem to be appearing on a near regular basis that can separate you from your money with, or by the force, of law.

 

Tyler Durden's picture

US Releases Satellite Images Allegedly Proving Russian Shelling Of East Ukraine





A week after Russia revealed photos of Ukraine deploying Buk missiles in the east as well as radar proof of Ukraine warplanes in the vicinity of MH-17, the US has yet to present any of the incontrovertible evidence supposedly in its possession that proves it was the separatists who shot down the plane, a narrative which has already propagated through western media. Instead, several hours ago the US. Office of the Director of National Intelligence released satellite images taken by the private civilian company Digital Globe (and thus not government sourced), which US officials say offer proof that Russian forces have been shelling eastern Ukraine in a campaign to assist rebel groups fighting Ukraine’s government in Kiev.

 

Tyler Durden's picture

America's Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003





Does it feel like you're poorer? There is a simple reason why - you are! According to a new study by the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36% decline... Welcome to America's Lost Decade.

 
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