The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate by Wolf Richter • Jul 5, 2021 • 208 Comments Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.
HSBC in Big Trouble in its Biggest Market, China by Nick Corbishley • Jul 4, 2021 • 106 Comments As HSBC pivots further to Asia and away from the West, its business in China gets more and more complicated.
The Countries with the Most Monstrous Business Debts: US in 22nd Place Despite Massive Spike During the Pandemic by Wolf Richter • Jun 7, 2021 • 106 Comments China and the tax havens rule!
Global Steel Production: China Blows the Socks off the Rest of the World, US Production Plunges by Wolf Richter • Jun 3, 2021 • 193 Comments The annual steel report is out.
Who Bought the $4.7 Trillion of Treasury Securities Added Since March 2020 to the Incredibly Spiking US National Debt? by Wolf Richter • May 17, 2021 • 164 Comments The Fed did. Nearly everyone did. Even China nibbled again. Here’s who holds that monstrous $28.1 trillion US National Debt.
Momentous Change in US Natural Gas with Global Impact as Exports Soar to Huge Record Despite Collapse in the Spring by Wolf Richter • Mar 15, 2021 • 86 Comments Biggest buyers: Mexico, South Korea, Japan, China, Spain, UK. Price spike in February, when Texas froze up, unwound. Asian LNG price spike in January is unwinding.
US Trade Deficit in 2020 Worst since 2008, Goods Deficit Worst Ever Despite First Ever Petroleum Surplus. Services Surplus Drops Again by Wolf Richter • Feb 8, 2021 • 174 Comments But the Trade Fiasco with China was the least terrible since 2013.
Biggest Office Glut since 2005 Hits Hong Kong Commercial Real Estate amid Worst Recession on Record by Nick Corbishley • Jan 28, 2021 • 33 Comments Several unique factors, topped off by the enduring trend to working from home and an exodus of companies.
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline by Wolf Richter • Dec 31, 2020 • 299 Comments Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
For HSBC, Life Gets Very Complicated in Hong Kong & China, its Number One Market, as China Tightens the Screws by Nick Corbishley • Dec 11, 2020 • 41 Comments Amid concerns China’s authorities are using the account seizures to crack down on dissent.
