All Heck Breaks Loose After Freaked-Out People’s Bank of China Devalues Yuan Again by Wolf Richter • Aug 12, 2015 • 15 Comments Currency War. Asian stocks plunge. Copper, Oil hit multiyear lows.
People’s Bank of China Freaks Out, Devalues Yuan by Record Amount, Vows to “Severely Punish” Capital Flight by Wolf Richter • Aug 11, 2015 • 18 Comments A “one-time correction,” a PBOC spokesman said, which everyone believed instantly.
French Government Sells Out Citizenry to Coddle Saudi Royals by Don Quijones • Jul 25, 2015 • 8 Comments The reason? The irony of Big Money.
ECB Hits Small Banks, Makes City of London, Wall Street Salivate by Don Quijones • Jul 18, 2015 • 2 Comments A “Harmonization” Frenzy.
Bank of Canada Sees Global Economy, Freaks Out, Cuts Rate, Warns of Financial Stability Risks, Loonie Plunges by Wolf Richter • Jul 15, 2015 • 16 Comments A lot of gloom in just one statement.
Why I Don’t Short Stocks or Bonds in this Crazy Environment Where Nearly All Assets Are Overpriced by Wolf Richter • Jul 12, 2015 • 21 Comments It took a few days, but now all that moolah has ignited.
China Syndrome Burns Stocks, Commodities by Wolf Richter • Jul 8, 2015 • 11 Comments “We simply just don’t know where these events in China will take us.”
Chinese Stocks Come Totally Unglued by Wolf Richter • Jul 7, 2015 • 17 Comments Government’s desperate rescue efforts fail to stop rout.
Central Banks Scramble, Fail to Rescue Stocks, after Greece by Wolf Richter • Jul 6, 2015 • 19 Comments “Europe is already surrounded by a geopolitical ring of fire.”
Why Greeks Still Want to Keep the Euro, in One Chart by Wolf Richter • Jun 30, 2015 • 36 Comments Despite the chaos and the deprivations.
