• Pivotfarm
    05/30/2015 - 08:32
    Warren Buffet isn’t one of the richest men in the world with the flair for making a fast buck or two for nothing.

China

China
Tyler Durden's picture

China Stocks Crash, US Futures Flat Ahead Of More Greek Rumors





Courtesy of central planning, virtually every single capital market has become an illiquid penny stock, with wild swings from one extreme to the other, the latest example of this being the Shanghai Composite, which after soaring 10% in the past ten days, crashed 6.5% overnight tumbling 321 points to 4620 after it briefly rose just shy of 5000. This was the biggest drop since January 19 when the Composite dropped 7.7% only to blast higher ever since. Putting the "plunge" in perspective, now the SHCOMP is back to levels not seen in... one week.

 
Tyler Durden's picture

"Ms. Wantanabe" Bets On Resurgent Yen As PE Cashes Out





"Japanese day traders, colloquially and collectively known as 'Mrs Watanabe', are buying the yen as it nears eight-year lows," Nikkei reports. For their part, private equity firms are cashing out at what they figure may be the top for Japanese stocks.

 
Tyler Durden's picture

The Global Economy As Seen From "The Man In The Moon"





The Man in the Moon studies the pathology of Earth’s global economy and markets from a distance where there’s no gravitational pull towards empiricism or consensus. His findings: 1) the global economy is over-leveraged, fragile, stagnating, and increasingly centrally managed; 2) capital markets and asset performance have been captured by the perception of the ongoing value of money, and so; 3) unconventional investment analysis is prudent.

 
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"New Silk Road" Part 2: Cold War Or Competition?





In Part 1 of “The New Silk Road,” we examined the China’s plan for rebuilding the Silk Road, stretching from Europe to Asia. In Part 2, we look at currently proposed projects, and geopolitical rivalries that could stall and hamper progress. Until very recently, it was widely assumed that the US would lead its western allies in a campaign against the Russian/Chinese deal to develop the Silk Road, but events have been reversing with remarkable speed.

 
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Who Would Win A Conflict In The South China Sea: The Infographic





The US and China are racing towards a maritime conflict stemming from Beijing’s construction of what Washington has condescendingly called “sand castles” in the Spratly archipelago. With Beijing set to enforce what is effectively a no-fly zone over its new sovereign ‘territory’ we bring you an infographic which shows that when it comes to sheer size, China’s air force and Navy are beyond compare.

 
Tyler Durden's picture

Why Russia Is On A Gold Buying Spree





"As you know we are increasing our gold holdings, although this comes with market risks. The price of it (gold) swings, but on the other hand it is a 100 percent guarantee from legal and political risks."

 
Tyler Durden's picture

These 19 Passports Will Be A Lot More Valuable On July 1st





Representatives from the European Union recently closed out a summit in Riga to decide the future of EU visa policy with respect to Ukraine. Once again, Ukraine was denied visa-free access to the EU, proving that “European support” for Ukraine against Russia is just hot air and empty promises. There are, however, 19 other countries, which will be joining the EU visa-free list as of July 1, 2015.

 
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IRS Blames Taxpayer Data Breach On Russian "Crime Syndicates"





"The IRS believes that a major cyber breach that allowed criminals to steal the tax returns of more than 100,000 people originated in Russia", CNN says, in what amounts to an escalation of what Washington claims is a cyberwar against a growing list of so-called "cyberadversaries."

 
Tyler Durden's picture

Low Wages & Unemployment Are An Existential Crisis For Millions





If millions of young Americans don't start earning more money, they can't afford to have children, or take care of them properly, and that is the end of us as a nation.

 
Tyler Durden's picture

How Clinton Foundation Donations Led To Billions In Weapons Sales To Autocratic Regimes





Another day, another Clinton Foundation related scandal. In the latest expose by International Business Times’ David Sirota, we learn about the explosion in weapons sales to certain nations during Hillary Clinton’s tenure as Secretary of State. Billions of dollars in sales went to autocratic regimes notorious for human rights abuses who donated generously to the Clinton Foundation. Should we be surprised? No. Should we be outraged and disgusted? Absolutely. Of all the Clinton scandals, the following is the most dangerous to peace on earth.

 
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Buy This Company Quickly For $10 Million Before It IPOs On The Shenzhen Exchange





Overnight saw yet another dip at the open that was ripped by the close in Chinese markets as Year-to-Date gains for China's Shenzhen Composite now top 105%. With IPOs rising 500% with no down days, Charles Hugh-Smith unleashes his satirical sword to 'explain' just how idiotic this situation has become, and (as we detailed here) it will get worse...

 
Secular Investor's picture

The End Game Continues: Austria Repatriates Gold





Which country will be next to join the ‘bring our gold home’ movement?

 
Tyler Durden's picture

EURUSD Plunge Continues: "It's Not All About Greece... Not Even Close"





Crude oil prices are tumbling as the USDollar pushes on to new highs driven by the continued stretch of renewed weakness in the Euro. As Bloomberg's Richard Breslow notes, however, "it’s not all about Greece. Not even close."

 
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