China

China

The Exit Strategy Of Empire

"Empire imprisons itself in the trap of a perpetual war for peace and stability - which are always its stated goals - yet... the reality is war and instability."

"Fake Nukes": Iran Faked Ballistic Missile Launch

Over the weekend, Iranian state television released video footage claiming to show the launch of a new type of medium-range ballistic missile. However, according to government sources, the video was "fake news", or rather "fake nukes", as Iran never actually fired the ballistic missile.

Patriots, Flags, & Referenda - "We're All Screwed"

"There’s a lesson there. That we seem to have forgotten already. And now have to learn all over again. Through Colin Kaepernick, through the unbelievable Kurdish women’s YPG army, though the streets of Barcelona. Our world is screwed up, and we need to unscrew it."

Frontrunning: September 25

  • Merkel’s Bloc Regroups After ‘Nightmare Victory’ in Germany (BBG); Germany’s Election Results Reflect European Unease on Economy, Immigration (WSJ)
  • Chastened Merkel looks for coalition partners after vote (Reuters)
  • Iraqi Kurds Vote in Independence Referendum (WSJ)
  • GOP Revises Obamacare Repeal With Bill Headed to Likely Defeat (BBG)
  • Trump Tax Plan to Cut Taxes for Corporations and Wealthy (BBG)

Global Stocks Mixed After "Nightmare Victory" For Merkel; Chinese Property Developers Crash

European stocks rose as the euro tumbled following Germany’s election result which was dubbed a "Nightmare Victory" for Merkel and could lead to complicated coalition talks. U.S. equity-index futures point to a lower open, while Asian equities slide after a plunge in Chinese property developer names as well as tech stocks following more iPhone delivery concerns. S&P500 futures are steady. 

China's ICO Crackdown Boosts Hong Kong's Hopes Of Becoming Blockchain Hub

China’s decision to shutter digital-currency exchanges based on the mainland, a strategy meant to extinguish the rampant fraud and abuse associated with initial coin offerings, or ICOs, is brightening Hong Kong's hopes of asserting itself as a hub for blockchain technology.

FX Week Ahead: Market In Need Of Brain-Changer, Not Game-Changer

After the FOMC meeting last week, it was (yet) again apparent that the Fed are still keen to maintain a normalisation path designed to not only get rates back to neutral levels, but also build up the policy tool kit again as well as staving off excessive leverage which has boosted stock markets to record highs. 

China's Maritime Strategic Realignment

"Whether the United States decides to stand in the way of China’s growth or chooses to participate more constructively in a mutually beneficial relationship is yet to be determined. Without a doubt, China has set its course and will not deviate from this course unless some overwhelming force is brought to bear."