China

China
Tyler Durden's picture

China Set To Establish No-Fly Zone Over Islands After Successful Test Flight





"The next step will be, once they've tested it with several flights, they will bring down some of their fighter air power - SU-27s and SU-33's - and they will station them there permanently. That's what they're likely to do."

 
Tyler Durden's picture

Here's The Ultra-Clever Way That The Chinese Are Circumventing Capital Controls





Last year amid China’s ongoing financial crisis, the government there tightened some forms of capital controls (curiously while loosening others). For any Chinese citizen with savings right now, it’s pretty obvious what’s happening. And they want to get their money out of the country. Bitcoin has been a popular alternative in China because people can easily cross borders with vast sums of money encrypted inside their mobile phones. But there’s a new tactic that Chinese are using now: domains.

 
Tyler Durden's picture

Nomi Prins' Financial Road Map For 2016: "The Potential For Chaotic Fluctuations Is Greater Than Ever"





We are currently in a transitional phase of geo-political-monetary power struggles, capital flow decisions, and fundamental economic choices. This remains a period of artisanal (central bank fabricated) money, high volatility, low growth, excessive wealth inequality, extreme speculation, and policies that preserve the appearance of big bank liquidity and concentration at the expense of long-term stability. The potential for chaotic fluctuations in any element of the capital markets is greater than ever. The butterfly effect - the flutter of a wing in one part of the planet altering the course of seemingly unrelated events in another part - is on center stage.

 
Tyler Durden's picture

Hong Kong Publishers Reportedly Being Kidnapped By Chinese Authorities, Taken To Mainland





For several years now, we’ve periodically observed that China’s increasingly aggressive crackdown on dissent serves as a harbinger of far more difficult times ahead. The thinking goes that if anyone is privy to the severe fragility the country’s economic situation, it would be Chinese leadership. As such, desperate moves by Chinese leadership should foretell drastically worse economic and social conditions to come.

 
Tyler Durden's picture

'Still' Safe On The Sidelines - 501 Days And Counting





The S&P 500 first crossed yesterday's levels in August 2014 - that is 501 days ago, confirming our belief that the stock market casino has just begun its descent has only been further reinforced. In terms of the fundamental economic and financial rot now coming to the visible surface, the analysis we presented last week is even more timely now.

 
Tyler Durden's picture

Why $1.5 Billion Nevsky Capital Is Shutting Down: The Full Letter





"It is time to accept that what we have done has worked brilliantly for twenty years but does not work anymore and move on. We are confident our process will eventually work again – for the laws of economics will never be repealed – but for now they are suspended and may be for some time; an indefinite period involving indeterminate levels of risk during which we think it would be wrong for us to be the stewards of your money."

 
Tyler Durden's picture

The "Wallstrom Affair" - How Saudi Arabia Reacts When Politicians Expose The Truth About The Kingdom





A few weeks ago Margot Wallström, the Swedish foreign minister, dared to denounce the subjugation of women in Saudi Arabia. Wallström went on to condemn the Saudi courts for their "medieval methods" and their "cruel attempt to silence modern forms of expression." The backlash was fast and furious: Saudi Arabia withdrew its ambassador and stopped issuing visas to Swedish businessmen, and The GCC condemned her "unacceptable interference in the internal affairs of the Kingdom of Saudi Arabia," proclaiming they wouldn’t bet against anti-Swedish riots following soon. Yet there is no "Wallström affair." Outside Sweden, the western media has barely covered the story.

 
Tyler Durden's picture

"We Frontloaded A Tremendous Market Rally" Former Fed President Admits, Warns "No Ammo Left"





It's not China, stupid... It's The Fed. "What The Fed did, and I was part of it, was front-loaded an enormous rally market rally in order to create a wealth effect... and an uncomfortable digestive period is likely now." Simply put Fisher concludes, there can't be much more accomodation, "The Fed is a giant weapon that has no ammunition left."

 
Tyler Durden's picture

What Comes After The Commodities Bust?





The one thing executives should have learned in 2015 is that Wall Street can for long periods of time remain disconnected from fundamentals and can swing to extremes. Another lesson from 2015 is that OPEC can no longer be relied upon to set prices. Thus, the debt fueled financing boom in the shale space will most likely never return.  This is especially true now that there are clear signs that the U.S. economy is weakening while the Fed chose to raise the federal interest rates in December. As we move through 2016, expect a rash of bankruptcies tied to this transition to lower leverage, and towards the latter half of 2016 there will likely be a steep fall off of production.

 
Tyler Durden's picture

A "Perfect Storm Is Coming" Deutsche Warns As Baltic Dry Falls To New Record Low





Following disappointing China PMI data and a collapse in US ISM Manufacturing imports data, the fact that The Baltic Dry Index has collapsed to fresh record lows will hardly be a surprise to many. However,as Deutsche Bank warns, a "perfect storm" is brewing in the dry bulk industry, as year-end improvements in rates failed to materialize, which indicates a looming surge in bankruptcies.

 
Tyler Durden's picture

The Drain Continues: U.S. Exports More Gold To Hong Kong Than It Produces





As the Federal Reserve continues to prop up the highly leveraged debt based financial industry, the flow of U.S. gold heading East picked up significantly. According to the USGS most recently released survey, Hong Kong received 56% of total U.S. gold bullion exports in September.

 
Tyler Durden's picture

Frontrunning: January 5





  • Global share market settles after stormy start to year (Reuters)
  • Stocks Extend Losses as Yen, Gold Rise on Lingering China Unease (BBG)
  • China battles to shore up stocks, yuan after globe-shaking slide (Reuters)
  • Volkswagen faces billions in penalties as U.S. sues for environment violations (Reuters)
  • Obama tightens gun rules, requires more background checks (Reuters)
 
Tyler Durden's picture

Stocks Resume Rout After Massive Chinese Intervention Fails To Lift Shanghai, Calm Traders





After yesterday's historic -6.9% rout in the Shanghai Composite, which saw the first new marketwide circuit breaker trading halt applied to Chinese stocks (on its first day of operation), many were wondering if the Chinese government would intervene in both the once again imploding stock market, as well as China's plunging and rapidly devaluing currency. And, after the SHCOMP opened down -3%, the government did not disappoint and promptly intervened in both the Yuan as well as the stock market, however with very mixed results which global stocks took a sign that the "national team" is no longer focused solely on stocks, and have resumed selling for a second consecutive day. 

 
Sprott Money's picture

THE DRAIN CONTINUES: U.S. Exports More Gold To Hong Kong Than It Produces





Unfortunately, this is not a sustainable financial or economic business model for the West.

 
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