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.
Panicked Hedge Funds Now Praying for a Miracle in Greece by Wolf Richter • Jun 29, 2015 • 31 Comments The “smart money” has been left to twist in the wind.
