Foreign “Smart Money” Frets about Turmoil at Home, Flees, Plows into US Housing Bubble 2, Thinks it’s a “Safe Haven” by Wolf Richter • Aug 21, 2015 • 27 Comments In downtown Miami, foreign buyers account for 90% of condo sales.
The Chilling Thing Smartphone Sales Said about China Debacle by Wolf Richter • Aug 20, 2015 • 17 Comments “Saturation” is the new Economic Reality. But this is Worse.
It Starts: Broad Retaliation Against China in Currency War by Wolf Richter • Aug 20, 2015 • 30 Comments Emerging-Market Debt Crisis on the horizon.
LEAKED: GM Sees Overcapacity Fiasco in China, Hopes Americans Will Buy Lots of Chinese-Made Buicks by Wolf Richter • Aug 19, 2015 • 21 Comments The start of a tsunami. US “Manufacturing Renaissance” takes another hit.
Riskiest End of the Junk Bond Market Just Blew Up by Wolf Richter • Aug 15, 2015 • 15 Comments Worst one-day hit since the Financial Crisis.
China Mess, Yuan Devaluation Spread to the US by Wolf Richter • Aug 14, 2015 • 6 Comments Elements coagulate into a toxic mix.
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.
China’s Hard Landing Suddenly Gets a Lot Rougher by Wolf Richter • Aug 9, 2015 • 14 Comments “We could see relatively strong downward pressure” – Chinese government.
The Unnerving Thing Global Automakers Just Said About China’s Economy by Wolf Richter • Aug 5, 2015 • 18 Comments In a “downward spiral.”
