China

China

Golden Catalysts

"The physical fundamentals are stronger than ever for gold...There’s just not that much gold available. But in the paper gold market, there’s no limit on size, so anything goes."

Is America In Terminal Decline?

"The cut-off point is 2009... Before that, borrowing could create the illusion of a rising standard of living. Those days are gone. And it’s very hard to see, when you take a good look, what could make them come back."

Stockman Slams "The Awesome Recovery" Narrative

"In the face of blatant dangers and even existential threats, the denizens of the Acela Corridor whistle past the graveyard with alacrity. So doing, they turn a blind eye on virtually all that contradicts the awesome recovery narrative, the indispensable nation conceit and the Washington can Make America Great Again (MAGA) delusion, among countless other fantasies."

Xi Jinping Pledges To "Strengthen Relationship" Between Saudi Arabia And China

In what can only be described as a masterful play to entice Saudi Arabia to list shares of Aramco in Hong Kong (assuming the kingdom follows through with the listing, which is reportedly in jeopardy) Chinese state media reported Friday that President Xi pledged to strengthen the relationship between China and Saudi Arabia as the latter tries to reform its economy.

Weekend Reading: You Have Been Warned

"Investors aren’t paying attention... There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market..."

Muddy Waters Proved Right As Huishan Dairy Prepares For Liquidation

Huishan’s troubles should be a cautionary example for investors, said Charles Macgregor, head of emerging markets research at Lucror Analytics. “There is very likely more Huishans out there, this type of behavior is hardly isolated to a few bad apples.”