Wall Street Journal

Steve H. Hanke's picture

Big Players (Read: Governments) Make Markets Unsafe





Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Reportage in The Wall Street Journal on April 4th states that “A fund owned by China’s foreign-exchange regulator has been taking stakes in some of the country’s biggest banks, raising speculation that it may be a new member of the so-called ‘national team’ of investors the Chinese government unleashes to support its stock market.”

 
Tyler Durden's picture

China's Latest Problem: Surging Subprime-Housing Loans





Government efforts to tackle a glut of vacant housing in China by spurring home lending have triggered a bigger problem: a surge in risky subprime-style loans that is generating alarm. Home buyers in China normally put down a third of the cost of a new property upfront. But a rapid rise in buyers borrowing for their down payments—an echo of the easy credit that cratered the U.S. housing market and sparked the financial crisis—has led authorities to clamp down

 
Tyler Durden's picture

Was There A Run On The Bank? JPM Caps Some ATM Withdrawals





Under the auspices of "protecting clients from criminal activity," JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank's ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted Jamie Dimon to cap ATM withdrawals at $1,000 per card daily for non-customers. Of course, we are sure this is just another 'storm in a teacup' as why would anyone complain about a bank withholding people's money when they are assuredly tax evaders, terrorists, drug dealers and human traffickers.

 
Steve H. Hanke's picture

On the I.M.F.’s Nefarious Activities – Greece, Indonesia, and Who Knows What Else





Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Over the weekend, the New York Times reported that WikiLeaks transcripts suggested that the International Monetary Fund (I.M.F.) had discussed the possibility of hatching nefarious plots against Greece. Immediately, Prime Minister Alexis Tsipras accused the I.M.F. of trying to “politically destabilize Europe.”

 
Tyler Durden's picture

ISIS In Europe: How Deep Is The "Gray Zone"?





How many Muslims will this ISIS virus be able to infect in the vast European "gray zone"? The answer will determine our future.

 
Tyler Durden's picture

Trump: "The Country Is Headed For A Massive Recession; It's A Terrible Time To Invest In Stocks"





"I think we’re sitting on an economic bubble. A financial bubble... We’re not at 5 percent unemployment. We’re at a number that’s probably into the 20s if you look at the real number. Is it a good time to invest now? "Oh, I think it’s a terrible time right now. You have a situation where you have an inflated stock market. It started to deflate, but then it went back up again. Usually that’s a bad sign. That’s a sign of things to come."

 
Tyler Durden's picture

NATO: Worse Than "Obsolete" - It's A Crony Capitalist's Dream





NATO isn’t just an expensive luxury of the sort we can no longer afford – it is a tripwire that could be set off by a minor border conflict involving Moldova, the status of Kaliningrad, or – more likely – another round of hostilities in Ukraine. Would we start World War III in defense of the oligarchs of Kiev? I wouldn’t put it past them. With his plan – or, rather, inclination – to abandon the old NATO and replace it with some sort of multilateral counterterrorist operation, and his insistence that our “allies” pay up, Trump is forcing an issue onto the stage that hasn’t been seen since the days of Bob Taft.

 
Tyler Durden's picture

China Unveils 'Trumpian' Tariffs On All Foreign Goods





Chinese President Xi appears to have moved on from currency wars to protectionism as WSJ reports China is tightening its grip on cross-border e-commerce, imposing a new tax system on all overseas purchases. While Trumpian tariffs are dismissed as crazy talk by America's establishment, it seems China took first-mover advantage to boost "Made-in-China" products at the expense of the rest of the world.

 
Tyler Durden's picture

Impatient Banks: A Real Red Flag For The Oil Patch





“This has the makings of a gigantic funding crisis..."

 
smartknowledgeu's picture

Why Did the 9/11 Commission Not "Follow the Money?", by Lars Schall





Lars Schall explores the time-honored tradition of following the money in an attempt to discover answers to yet unresolved questions regarding the terrorist attacks of 9/11 in New York City. Mr. Schall is an independent investigative journalist that has produced many hard-hitting pieces regarding Central Bankers' manipulation of gold prices, and the failure of the US Central Bank (The Federal Reserve) to return all of Germany's gold reserves in the past.

 
Tyler Durden's picture

Yellen-Driven Short-Squeeze Sends Bonds To Best Quarter In 4 Years





After The Fed jawboned the world into the largest aggregate net short position in Treasuries in Q4 since 2010, its rapid realization that all is not well in the real world - and subsequent talking (and walking) back of rate-hike expectations - has sparked the biggest short-squeeze in 6 years and sent Treasuries up by the most since 2012. With odds collapsing for any more rate-hikes in 2016, as Yellen admits their forecasts are worthless, it seems - just as in 2010 - the bonds shorts have a way to go.

 
Tyler Durden's picture

How Stupid Do You Have To Be To Let This Happen?





Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast accumulated wisdom. So how do we explain this...

 
Tyler Durden's picture

Record Loss For Petrobras As Political And Economic Crisis Worsen





Petrobras reported a record loss for the fourth quarter, a horrendous performance that raises questions about the company’s ability to handle its mountain of debt.

 
Tyler Durden's picture

The Trump Rebellion - Suicide Of The GOP... Or Rebirth?





The Trump campaign is not a hostile takeover of the Republican Party. It is a rebellion of shareholders who are voting to throw out the corporate officers and board of directors that ran the company into the ground. Only the company here is our country.

 
Tyler Durden's picture

WSJ Fires Back At Trump: "He Would Rather Walk Down Fifth Avenue And Shoot The Messenger"





"Donald Trump won’t debate his Republican rivals again but he will continue to argue on Twitter. On Thursday the businessman demanded an apology after we—“the dummies at the @WSJ Editorial Board”—accurately noted that Hillary Clinton has received about a million more votes than he has. The truth hurts, though Mr. Trump would rather walk down Fifth Avenue shooting the messenger."

 
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