Emerging Markets turmoil: The price of cheap debt & misallocation of capital.
Russia, Japan, and the Fed dumped, China hung in there…. But who bought?
In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history.
Exports are dominated by two countries, imports by three. And everything revolves around China.
GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.
The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait…
How the “Yield Curves” Stack Up in central-bank manipulated bond markets.
Good thing Russia never held as many Treasuries as China and Japan. The scenario would have been different.
How the US Trade War with China over autos stacks up against the Trade War the US Lost against Japan.
Moody’s chimes in.