State and federal government revenue from commodities and stamp duty is surging, Deloitte says, but trouble is looming via Paul Karp Australian governments are experiencing a surge in revenue that will be undermined by a slowdown in China and a “mini-credit …
by Martin Armstrong The the first debt bankruptcy of a major corporation in China has now taken place here on schedule in 2018. This first bankruptcy of a major corporation was due to over-indebtedness which occurred in the current year. The South …
via WSJ: Financed and built by Chinese state-run companies, the soon-to-be-finished overhead railway through Lahore is among the first projects in China’s $62 billion plan for Pakistan. Beijing hoped the $2 billion air-conditioned metro, sweeping past crumbling relics of Mughal …
“We have seen strong indications that Beijing could be shifting from mere policy-easing measures to a new round of stimulus to avert a credit squeeze and economic growth slowdown,” https://buff.ly/2JCq4fs h/t @StockBoardAsset
Is the devaluation of the Yuan intentional? https://www.youtube.com/watch?v=LCJ4A4b2lCM China is dealing with very serious issues at this time. They have been battling with the U.S. in an escalating series of events. Clearly they have manipulated their currency, but then again, …
via Bespoke In an interview with CNBC today, President Trump’s top economic advisor Larry Kudlow highlighted the Administration’s growing frustration with China’s seeming lack of interest to reach any deal in the ongoing trade dispute. As the US and China continue to …
In the past 48 hours China has: – Cut its 7-day Treasury rate by 103bps – Launched quasi QE – told banks to flood the system with liquidity – Sent the Yuan tumbling – Warned more easing is coming …
by Adam Taggart Developments are underway in China that should dampen the housing market there: The practice of rectifying market order stems from a special action by seven ministries. On June 28, the Ministry of Housing and Urban-Rural Development and other …
by stockboardasset China’s People’s Liberation Army (PLA) has launched a six-day, live-fire military exercise in the East China Sea in a region that simulates an invasion of Taiwan, a move military strategist believe will send a powerful message to the United States over …
Loans backed by stocks looked like safe bets as Chinese stocks marched higher over the past two years, however a $2 trillion selloff since late January is rapidly eroding the value of brokerages’ collateral.” $1 trillion worth of Chinese stocks …
via spglobal: Singapore — The pace of growth in China’s crude imports may slow in H2 as a cocktail of lower runs at independent refiners, potential delays in the start up of some refineries and higher inventories curb the appetite for cargoes …
by Martin Armstrong Believe it or not, Chinese start-ups have for the first time collected more venture capital than newly established US companies in the past quarter. This is reported by the South China Morning Post . Almost half (47%) of the venture capital used …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Trade wars in the auto industry are not uncommon. It’s just that the US has lost them so far. So-called “trade wars” are neither new nor uncommon for the US and its trade “partners.” The US …
by BR-Technicals Keeping an Eye on China Key Points China is the world’s second largest economy after they had their own industrial revolution. The economy is run by the government through their “5-Year Plans.” Chinese stocks may be signaling …
by John Rubino China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports and entire new cities in so short at time. But the transformation …
by Brandon Smith The crash of 2008 brought with it a host of strange economic paradigms rarely if ever seen in history; paradigms which have turned normal fiscal analysis on its head. While some core fundamentals remain the same no …
China is slowing down WITH a monster stimulus Cartoon of the Day: Misplaced Fear #China $FXI #EmergingMarkets #GrowthSlowing $EEM https://app.hedgeye.com/insights/68864-cartoon-of-the-day-misplaced-fear … Emerging Market Currencies Are Not Suffering Due To Foreign Evil Forces… Evil Monetary Imbalances Built Year After Year, Rather. …
For More Information See: https://www.express.co.uk/news/world/… http://nationalinterest.org/blog/the-…
via RT Expect big problems with the global economy as the trade conflict between the United States and China escalates, predicts veteran investor Mark Mobius. There’s no question we’ll see a financial crisis sooner or later because we must remember …
by Chris Vermeulen of The Technical Traders Recently, quite a bit of news has been originating from Malaysia, China and other areas of South East Asia. Much of it is concerns with multi-billion dollar projects and excessive corruption and graft. Malaysia is taking …
by realister http://ritholtz.com/wp-content/uploads/2012/01/Made-in-…-.png “How can it only be 2.7% when almost everything in Wal-Mart (NYSE: WMT ) is made in China?” Because Wal-Mart’s $260 billion in U.S. revenue isn’t exactly reflective of America’s $14.5 trillion economy. Wal-Mart might sell a …
China slowdown is evident. Nothing to do with trade wars. All to do with debt saturation Chinese junk bonds, the biggest component of Asian high yield, surpassed 10 percent on Friday for the first time since 2015.
$152,237,500,000: Merchandise Trade Deficit With China Hit Record Through May (CNSNews.com) – The U.S. merchandise trade deficit with China set a record through May, hitting $152,237,500,000 for the first five months of 2018, according to data released Friday by the Census …
James covers, not only the floods in Japan, but the slow escalation in the Chinese military. China boosted their military spending several months ago and more recently have even been issuing debt similar to the US’s quantitative easing, all awhile …
Summary via Alan Longbon China is undergoing a self imposed slowdown. The current account had declined and actually moved into deficit. Credit creation by banks and the government has been shutdown and effectively not added to the stock of money in …
*Street Collapses & 92,000 Evacuated China*Typhoon Prapiroon*Floods & Landslide Nepal* Evolutionary Energy Arts Jul 3, 2018
by Michael Snyder Nothing is going to be the same after this. On Friday, the United States hit China with 34 billion dollars in tariffs, and China immediately responded with similar tariffs. If it stopped there, this trade war between the …
For More Information See: https://uk.reuters.com/article/uk-usa… https://www.zerohedge.com/news/2018-0… https://www.marketwatch.com/story/tru…
via Financial Sense Over the past 30 years, the technocrats in Beijing have attained an almost mythical status. The decade after two decades of rapid double-digit growth has transformed China into the world’s second-biggest economy, slashing poverty at the same …
