The Five Biggest Tests For China's Next Central Bank Governor

Zhou Xiaochuan, the outgoing PBoC governor, is a shrewd man and his warning about a "Minsky moment" will not have been made idly. He is also a principal architect of China's credit bubble, whether (always) willing or not, and must shoulder some of the blame. If he is lucky, his successor will be the one picking up the pieces...

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...

How FDR Politicized Thanksgiving

"Call me old-fashioned, but one thing I am always thankful for every Thanksgiving is the blessing of not having Franklin Delano Roosevelt in the White House..."

Get Out Now: SocGen Predicts Market Crash, Bear Market For The S&P

With little stock upside left, with the threat of rising interest rates slamming P/E multiples, with the economy in deep in late cycle, with equities trading at record valuations, with everyone short vol and just begging for a vol short squeeze, SocGen's advice is simple: get out now.

5 Tips For New Bitcoin Investors

Taking the plunge and entering the crypto space can be daunting. There is no centralized authority to hold your hand, and the rumors and stories circulating around digital currencies can be fear-inducing...

America Is Smoking Less But Getting Fatter

On the day of peak gorging, we are reminded that while the smoking rate in the United States has dropped, with obesity it’s the other way round. America is facing a sustained obesity crisis...

Lessons From Squanto

Remember, the Pilgrims didn’t receive monthly government checks, and Squanto didn’t show up with a bucket of extra crispy KFC purchased with an EBT card.  Rather, Squanto taught the Pilgrims how to sow and fertilize native crops and trade furs with other native tribes, and they reaped the fruits of their labors for a lifetime..."

Rediscovering America: A Quiz On Thanksgiving

Today, Americans will celebrate their oldest tradition: the observance of Thanksgiving, which dates back to 1621. The quiz below provides an opportunity to test your knowledge of the history and customs of the nearly 400-year-old holiday...

The Source Of The Next Crisis

"I finally get it. Shorting VIX, at these low levels, in the size they are doing, is not only dumb, but crazily dangerous, not only to the parties trading it, but also to the stability of the entire financial system."