What the Heck is Going on in the Global Markets? by Wolf Richter • Aug 23, 2015 • 30 Comments This isn’t supposed to happen.
German Newspaper Accuses Spain’s Central Bank of Hiding Collateral Risks from ECB by Don Quijones • Aug 21, 2015 • 2 Comments Misclassifying shoddy collateral as “ECB-eligible” is a great deal for banks.
It Starts: Broad Retaliation Against China in Currency War by Wolf Richter • Aug 20, 2015 • 30 Comments Emerging-Market Debt Crisis on the horizon.
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.”
