Tag Archives: China

Werner’s main points: The “EU Movement” has been created by the US Government and their secret services in order centralise their influence over Europe. Big business, banks, central banks and the IMF want to excercise their power through unelected officials. The free trade area with the EU is beneficial and will surely be maintained, even in the Brexit case. The election outcome is not so clear as it seems to the...

Summary: Bawerk explains how China will be the lender of last resort of many oil producers. China might let collapse a smaller producer and become much smarter at covering its political bases across producer states to protect longer term sunk costs. It took a while to play through, but our assessment that China would increasingly become the petro-state lender of last resort is starting to come good. The...

The City of London and the pound would both benefit from the U.K. leaving the EU, says billionaire Peter Hargreaves. Brexit may knock the pound initially, but it would rebound, the co-founder of Hargreaves Lansdown — the largest U.K. retail broker, with more than $84.1 billion equivalent in assets — told Bloomberg Briefs' Geoff King in a June 17 interview. Q: Why do you support "Leave"? A: Every year in the EU it gets more political, it gets more legislative, more...

First The Telegraph, then The Sun, and today The Spectator all came out on the “Leave” side of the Brexit debate. However, perhaps even more shocking to the establishment is the CIO of a major bank’s asset management arm dismissing the apparent carnage that Cameron, Obama, and Osborne have declared imminent, warning that, “many articles on the Brexit vote overstate its risks and consequences.” As JPM’s Michael...

A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better. Economic Data from China Then Chinese data largely disappointed. A “meet” in Industrial Production – hovering at multi-year lows… *CHINA MAY INDUSTRIAL OUTPUT RISES 6.0% FROM YEAR EARLIER...

A couple of weeks ago, the four central banks that meet in the coming days were thought to be a big deal. Numerous Federal Reserve officials were preparing the market for a summer hike. Risks of a new downturn in Japan spurred speculation that BOJ would ease policy. On the other hand, the neither the Bank of England nor the Swiss National Bank were expected to move ahead of the UK referendum on June 23. Besides...

The European Union is an “empire that is hugely bureaucratic,” warns Marc Faber, telling CNBC that he thinks that “a Brexit would be bullish for global economic growth,” because “it would give other countries incentive to leave the badly organized EU.” The Gloom, Boom & Doom-er explained that Brexit is a risk Britain should be willing to take, and that it would not be a disaster, “on the contrary, it would be the...

In the long run, as someone once said, we are all dead, but in the meantime, as BofAML’s Michael Hartnett provides a stunning tour de force of the last 5000 years illustrates long-run trends in the return, volatility, valuation & ownership of financial assets, interest rates & bond yields, economic growth, inflation & debt… The Longest Pictures reveals the astonishing history investors are living through...

Paper, gunpowder, the compass – China has a history of disruption that extends back thousands of years. In the digital age, however, the Middle Kingdom’s technology startups gained a reputation for quickly copying their Western peers, rather than coming up with their own world-changing ideas. All that is changing, though, and in 2016, innovation itself is increasingly being “Made in China”. China’s Internet giants are coming up with ingenious homegrown products, services, and business models,...

The headline data out of China hasn’t exactly been comforting of late. The country is grappling with the challenges of slowing GDP growth, rising debt levels, and volatile stock markets, to name just a few. But if the macroeconomic statistics seem bleak, the picture is brighter among the country’s entrepreneurial class. The quality of Chinese innovation is increasing, the funding environment is improving, particularly for early-stage companies, and the Chinese government is doing everything...