Time to Look at Foreign Demand for the Incredibly Ballooning US National Debt by Wolf Richter • Jul 19, 2023 • 92 Comments As China unloaded Treasury securities and Japan propped up the yen, other countries loaded up.
US Dollar’s Status as Global Reserve Currency on Slow Long-Term Decline, but Not Going Down in a Straight Line by Wolf Richter • Jul 15, 2023 • 222 Comments An important thing to keep our eyes on these days.
Global Steel Production in 2022 Fell Most since 2009, Unwound Stimulus Spike of 2021. China’s Production Fell for 2nd Year by Wolf Richter • Jun 8, 2023 • 41 Comments China still produced more than the rest of the world combined, 12 times more than the US.
Status of US Dollar as Global Reserve Currency: USD Exchange Rates Hit Foreign Exchange Reserves by Wolf Richter • Jan 1, 2023 • 157 Comments Complicated times for the dollar. The Chinese Renminbi, a distant also-ran, loses ground.
Vacant New Condo Tower in San Francisco: Tentacles of China’s Collapsing Property Developers Reach Deep into US Cities by Wolf Richter • Jul 25, 2022 • 174 Comments As the condo market is going south on you, you can always try to sell the tower to an investor to convert to rental apartments. But that’s tough too.
Container Ship Wait-Times at Shanghai Fall, Still High. Container Freight Rates Drop, Still 4x of 2019: “Stabilization of Supply Chain Pressures at Historically High Levels” by Wolf Richter • Jun 6, 2022 • 33 Comments Supply chains improve from catastrophically stressed to just very stressed.
Crude Steel Production in 2021 Shifted from China to Other Countries amid Supply Chain Chaos: US Production Spiked 15% by Wolf Richter • Jun 1, 2022 • 55 Comments China still produced more crude steel than the rest of the world combined. Just a baby step, but a huge change in direction.
Stock Markets in China & Honk Kong Dive, Yuan Slides, Crude Oil Drops on Confidence Crisis in China by Wolf Richter • Apr 25, 2022 • 124 Comments The Shanghai Composite and Hang Seng fall to where they’d first been in 2007 during the run-up of the bubble.
Alibaba Plunges Below First-Day Closing Price in 2014. Golden Dragon China ETF Plunges Below its 2007 Price by Wolf Richter • Mar 10, 2022 • 78 Comments The massacre of the China ADRs. Dip buyers got taken out on stretchers.
Nickel Futures Spike Ridiculously, Trading Halted, in Short Squeeze on Chinese Tycoon Facing Billions in Losses by Wolf Richter • Mar 8, 2022 • 69 Comments Shorted nickel to hedge rising output and on a bet the rally in nickel at the time would fade in 2022. Then came the sanctions.
