Wall Street Journal

China Deleveraging Hits Corporate Bonds As Cascade Effect Begins

China's WMPs sold off their liquid government bonds first to meet redemptions, keeping their higher yielding corporate bonds. Now corporate bonds are selling off. It is starting to look like the early signs of cascading sell-offs in Chinese financial markets...

The Saudi System And Why Its Change May Fail

"The Saudi response to the competition of the Iranian system is a move towards more authoritarian rule. This is hoped to allow for more agile policies and responses. But the move breaks the traditional ruling system. It removes the sensible impediments to impulsive foreign policies. It creates the conditions for its very failure."