Daily Archives: August 11, 2015

Every financial crunch teaches a universal truth: ‘liquidity’ is denominated in the currency of one’s living expenses and debt payments. As savings burn through, and cash flow declines, other asset classes become luxuries one can no longer afford. The natural … Continue reading →

Just as crashing oil prices are inducing cash-crunched producers to pump even more product, weaker global demand and falling export prices are flooding even more cheap goods throughout the world. Better for buyers, but bad for corporate sales, profits, recklessly … Continue reading →

The Chinese government is under intensifying financial stress as exports have receded from 35% of GDP in 2007 to 22% in 2014…and falling. At the same time domestic consumption has also shrunk despite every ‘stimulant’ trick in the policy book. … Continue reading →