In Dramatic Reversal, China Gives Up On Deleveraging Pledge
Last week, when looking at the latest Chinese credit data, we made two troubling observations: first, China's economic growth was slowing across a number of key data points despite massive new credit...
View ArticleChina Systemic Risk: Liquidity Problem Surfaces At HNA Group Less Than Two...
Here we go again...On December 8, we lamented how every few days we return to the subject of systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and...
View ArticleWall Street Bonuses Set To Shrink Again This Year
Bankers were thrilled last year when Wall Street bonuses climbed for the first time in years after falling more than 15% in 2015. But unfortunately, even with equity markets around the world at record...
View ArticleKey Events In The Last Week Before Christmas
It might be the last full week before Christmas - with both newsflow and trading volumes set to slide substantially - but there’s still a few interesting events and data releases to look forward to...
View ArticleThe Media's Reign Of Error Exposed
Authored by Mark Hemingway via WeeklyStandard.com,Covering the Trump presidency has not always been the media’s finest hour, but even grading on that curve, the month of December has brought...
View Article$19,000: Bitcoin Hits New All Time High After Burst Of Asian Buying; Bigger...
Having traded in a relatively narrow - for bitcoin - range of $16,500-$17,500 over the past week, the world's most popular cryptocurrency jumped to new all time highs following the latest unexplained...
View ArticleFrontrunning: December 15
Some GOP Senators Press for Late Changes in Tax Bill (WSJ)Here’s Where the GOP Tax Plan Stands Right Now (BBG)Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ)Net neutrality repeal...
View ArticleGlobal Deflation Alert: Chinese Credit Creation Tumbles To 27 Month Low
At the end of November, we showed a troubling observation for China - and global - macro watchers from Axiom's Gordon Johnson: for the first time ever, record Chinese credit creation had failed to...
View ArticleOne Bank Believes It Found The Identity Of Who Is "Propping Up The Bitcoin...
Back in May when the Chinese domination over Bitcoin was ending, we predicted that it would shift over to Japan, specifically, we said that "just as the Chinese bubble frenzy in bitcoin is fading, it...
View ArticleWhat To Expect From The ECB
Submitted by RanSquawkECB Monetary Policy Decision Due At 12:45 GMT, 13:45 CET, 07:45 EDT, On Thursday 14th December 2017, Press Conference Due At 13:30 GMT, 14:30 CET, 08:30 EDTUnanimous expectations...
View ArticleFinancial Times Survey: Banks' Brexit Relocations By March 2019 Much Lower...
In the run-up to the recent agreement on phase I of Brexit, there was mixed news on the extent to which jobs in the City of London would be relocated to other European hubs, primarily Frankfurt. On one...
View ArticleKey Events In The Coming Week: Yellen's Swan Song And Final Rate Hike;...
After last week's payrolls report, the year is starting to wind down for economic events and capital markets, but not before one last hurrah for central banks: indeed, it is a very busy week dominated...
View ArticleGreenwald: The U.S. Media Just Suffered Its Most Humiliating Debacle in Ages
Authored by Glenn Greenwald of The Intercept,Friday was one of the most embarrassing days for the U.S. media in quite a long time. The humiliation orgy was kicked off by CNN, with MSNBC and CBS close...
View ArticleThese Are The 30 Biggest Risks Facing Markets In 2018
Once upon a time, Wall Street analysts had just two things to worry about: interest rate risk and corporate profits - virtually everything else was derived from these. Unfortuantely, we now live in...
View ArticleStrzok-Gate And The Mueller Cover-Up
Authored by Alexander Mercouris via TheDuran.com,Almost eighteen months after Obama’s Justice Department and the FBI launched the Russiagate investigation, and seven months after Special Counsel Robert...
View ArticleTrump Lashes Out At "Fake News" CNN For "Vicious And Purposeful" Mistake,...
After yesterday's latest botched hit job by CNN on president Trump, which came exactly one week after the fiasco where erroneous ABC reporting on the Flynn affair sent the market tumbling, it was only...
View ArticleChina Systemic Risk: HNA Group Denies Liquidity Problem, It's Only...
Every few days at the moment, it seems, we return to the subject of systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. Our main...
View ArticleWatered Down And Delayed - European Bank Shares Love The Final Basel III...
To the relief of the banks and investors, the Basel III rule book was “watered down” sufficiently that the announcement that the deadlock had been broken led to a spike in European bank stocks on...
View ArticleHow "Ghost Collateral" And "Yin-Yang" Property Deals Will Collapse China's...
One lesson from the 2007-08 crisis was that the vast majority of financial market participants, never mind the general public, were unfamiliar with subprime mortgages until the crisis was underway....
View ArticleTrump Attorney Denies Deutsche Bank Received Mueller Subpoena
Early in the European trading session, German media reported and Bloomberg confirmed that Special Counsel Robert Mueller had subpoenaed Deutsche Bank several weeks ago for details of transactions...
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