As external pressures began growing last year, intensifying earlier this year (trade war, USD appreciation, resumption of hot money outflows), China resorted to its old ways and unleashed its property market… yet again.
"All parts of the Model 3 production system are now above 500 and some are almost at 700 cars already. Congratulations to all on making so much progress! That said, radical improvements are still needed..."
"When looking back at the collapse of Venezuela, I see that nothing there happened which was new. As many other countries that have experienced similar circumstances can attest, we went through 4 stages of collapse..."
Lenders are extending longer loan terms that are more prone to default, to consumers who are taking on the most debt since the "recovery" started. Don't worry - it's not "sub-prime", it's "near prime".
“To say we were striving for a one-world government is exaggerated, but not wholly unfair...we couldn’t go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing."
The boost to the Turkish Lira from yesterday's emergency 3% hike in the late liquidity window rate by the Turkish Central Bank did not even last one full day, and on Thursday the violent collapse in the Turkish currency resumed.