NPC “Largest electric locomotive and Congressman John C. Schafer” 1924 • China Stocks Slump Again Despite Government Support (Reuters) • China Strengthens Yuan By Most In 2 Months; Massive Liquidity Injection (ZH) • China Central Bank Injects Most Funds Since February (Bloomberg) • Is This The Great Crash Of China? (Steve Keen) • China’s August Scare Is A False Alarm As Fiscal Crunch Fades (AEP) • Should We Be Afraid Of China’s ‘Value Chain’? (CNBC) • Eurozone: The Case Against
Read More...
Gustave Doré Dante looks upon the negligent rulers 1868 In case you missed it, we’re doing something a little different. Nicole wrote a very lenghty article and we decided to publish it in chapters. Over five days we are posting five different chapters of the article, one on each day, and then on day six the whole thing. Just so there’s no confusion: the article, all five chapters of it, was written by Nicole Foss. This is part 5. Part
Read More...
Lewis Wickes Hine Newsies in St. Louis 1910 • Asian Shares Plunge To Two-Year Lows As China Stocks Continue To Fall (Guardian) • Do Markets Determine The Value Of The Renminbi? (Michael Pettis) • China’s Devaluation May Be Bad News For FX Industry (Reuters) • China Shadow Banks Appeal For Government Bailout (FT) • China’s Richest Traders Are Fleeing Stocks as the Masses Pile In (Bloomberg) • US Lacks Ammo for Next Economic Crisis (WSJ) • Abe Aide Says Japan
Read More...
Gustave Doré Dante and Virgil among the gluttons 1868 In case you missed it, we’re doing something a little different. Nicole wrote a very lenghty article and we decided to publish it in chapters. Over five days we are posting five different chapters of the article, one on each day, and then on day six the whole thing. Just so there’s no confusion: the article, all five chapters of it, was written by Nicole Foss. Not by Ilargi. This is
Read More...
G. G. Bain 100-mile Harkness Handicap, Sheepshead Bay Motor Speedway, Brooklyn 1918 • China Shanghai Stocks Lose 6.15% Overnight On Yuan Fears (CNBC) • World Shipping Slump Deepens As China Retreats (AEP) • Japan Exports Its Way to Irrelevance (Pesek) • China’s Currency Move Rattles African Economies (WSJ) • The Great Emerging-Market Bubble (BIll Emmott) • Bonds Signal Trouble Ahead As Equities Keep Calm (FT) • Greek Senior Bank Bonds Fall on Dijsselbloem Bail-In Comment (Bloomberg) • Greek Deposits Become
Read More...
Gustave Doré Dante before the wall of flames which burn the lustful 1868 We’re doing something a little different. Nicole wrote another very long article and I suggested publishing it in chapters; this time she said yes. Over five days we will post five different chapters of the article, one on each day, and then on day six the whole thing. Just so there’s no confusion: the article, all five chapters of it, was written by Nicole Foss. Not by
Read More...
NPC Balloon at Shriners convention, Washington DC 1923 • Fears Of Financial Instability Keep Demand For Banknotes Strong (FT) • Doomsday Clock For Global Markets Strikes One Minute To Midnight (Telegraph) • Japan Economy Shrinks 1.6% In Q2 In Setback For ‘Abenomics’ (Reuters) • Summer Crisis Tests Europe’s New Nationalisms (Alastair Macdonald) • US Department Store Results Imploding (Jim Quinn) • Problems For China’s Economy Extend Far Beyond Currency (FT) • And Now For China’s Great Foreign-Capital Unwind (MarketWatch) •
Read More...
Gustave Doré Dante and Virgil among the late penitents 1868 We’re doing something a little different. Nicole wrote another very long article and I suggested publishing it in chapters; this time she said yes. Over five days we will post five different chapters of the article, one on each day, and then on day six the whole thing. Just so there’s no confusion: the article, all five chapters of it, was written by Nicole Foss. Not by Ilargi. This is
Read More...
DPC El Paso, Texas 1903 • China’s Yuan Positions Fall by a Record, Signaling More Outflows (Bloomberg) • Eight Reasons Why China’s Currency Crisis Matters To Us All (Guardian) • Bungling Beijing’s Stock Markets (Paul Krugman) • China Mess, Yuan Devaluation Spread to the US, Carmakers (WolfStreet) • Germany, IMF Far Apart On Greek Debt Relief (Observer) • Europe Has Taken Charge Of Greece Like A Television Nanny (Guardian) • The Greek Debt Deal’s Missing Piece (NY Times) • Alexis
Read More...
Gustave Doré Dante and the Angel of the Church before the Door of Purgatory 1868 We’re going to try something a little different. Nicole wrote another very long article and I suggested publishing it in chapters; this time she said yes. So in the next five days we will post five different chapters of the article, one on each day, and then on day six the whole thing. That way, you will have some time left over to spend with
Read More...