Dagong, which Slashed the US to BBB+, Suspended in China for Selling Fake AA and AAA Ratings to Chinese Outfits by Wolf Richter • Aug 20, 2018 • 32 Comments China struggles to contain its corporate bond morass.
“Asia Will Be the Next Source of Downside Systemic Risk for Financial Markets” by Wolf Richter • Aug 16, 2018 • 35 Comments Emerging Markets turmoil: The price of cheap debt & misallocation of capital.
Who Bought the $1.36 Trillion of New US National Debt over the Past 12 Months? by Wolf Richter • Aug 15, 2018 • 63 Comments Russia, Japan, and the Fed dumped, China hung in there…. But who bought?
Alibaba’s 20-F Annual Report… Financial Comedy Gold!! by Deep Throat IPO • Aug 14, 2018 • 48 Comments In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history.
The Largest Ships in the Huge Iron-Ore Trade by MC01 • Jul 28, 2018 • 42 Comments Exports are dominated by two countries, imports by three. And everything revolves around China.
Carmageddon in Detroit by Wolf Richter • Jul 26, 2018 • 85 Comments GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.
Backlash Against “War on Cash” Reaches Washington & China by Don Quijones • Jul 21, 2018 • 92 Comments The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait…
Which Yield Curve “Inverts” First? US, Japan, Germany, or China? by Wolf Richter • Jul 20, 2018 • 77 Comments How the “Yield Curves” Stack Up in central-bank manipulated bond markets.
Russia Dumped Most of its US Treasury Holdings, Disappeared from List by Wolf Richter • Jul 17, 2018 • 67 Comments Good thing Russia never held as many Treasuries as China and Japan. The scenario would have been different.
This “Trade War is a Different Ballgame” by Wolf Richter • Jul 16, 2018 • 84 Comments How the US Trade War with China over autos stacks up against the Trade War the US Lost against Japan.
