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Daily Archives: October 28, 2014
Chanos on China’s unfolding credit crunch
Jim Chanos, of Kynikos Associates, discusses evidence of ‘Ponzi’ finance now coming apart in China as well as unwinding effects in the commodities sector. Here is a direct video link.
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Debt weighs on China too
Doubts over China’s unexpectedly strong trade figures are mounting after Hong Kong reported its imports from the mainland. The numbers are far less than what China announced a few weeks back. Here is a direct video link. The Chinese growth … Continue reading
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The truth about the ongoing financial crisis
Excellent article today from All The President’s Bankers’, author, Nomi Prins: “The recent spike in global political-financial volatility that was temporarily soothed by ECB covered bond buying reveals another crack in the six-year-old throw-money-at-the-banks strategies of politicians and central bankers. … Continue reading
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