Silver as an investment

Category Archives: Communist Party Congress

China Beige Book Warns Economic Slowdown Has Begun

When it comes to the global economy, few things matter as much as China, the trajectory of its economy and especially the pace and impulse of its credit creation, which is ironic because virtually all data coming out of China is fabricated and manipulated, and thoroughly untrustworthy, either on purpose or “by accident.” The latest […]

China’s Infrastructure Boom Heading For Rapid Slowdown In 2018

There have been signs since October’s Party Congress that China’s infrastructure boom was about to cool off as the leadership seeks to contain debt levels and focus on the quality not the quantity of growth. Subway building is one sector which has seen some high-profile project cancellations. In mid-November 2017, Caixin reported that China’s top […]

PBOC’s Zhou Warns Of “Sudden, Complex, Hidden, Contagious, Hazardous” Risks In Global Markets

Just two weeks after warning of the potential for an imminent 'Minsky Moment', Chinese central bank governor Zhou Xiaochuan has penned a lengthy article on The PBOC's website that warns ominously of latent risks accumulating, including some that are "hidden, complex, sudden, contagious and hazardous," even as the overall health of the financial system appears […]

“Daggers Are Falling From The Sky” – China Stocks, Bonds Tumble After National Congress Ends

Who could have seen this coming? After weeks of 'calm' – demanded by The People's Party – and well-managed 'National Team' ramps top 'prove' how much Xi's plan for the nesxt five years is being received, the end of China's National Congress has been met with… a plunge in stock and bond markets.     […]

Is This China’s Minsky Moment?

Authord by Kevin Muir via The Macro Tourist blog, Sometimes you have to love the naivety of the markets. At this week’s Communist Party Congress meeting in Beijing, the governor of the PBoC (People’s Bank of China) said the following; “If we are too optimistic when things go smoothly, tensions build up, which could lead […]

US Destroyer Carrys Out Trump’s 4th “Freedom Of Navigation” Operation In South China Sea

In a provocation that’s sure to raise eyebrows in Beijing, a US Navy destroyer on Tuesday sailed within 12 miles of Parcel islands in the South China Sea in what appears to be the first US “Freedom of Navigation” operation in two months. Reuters reports that the USS Chafee, a guided-missile destroyer, challenged “excessive maritime […]

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen’s recent hawkish comments and renewed optimism over the health of the U.S. economy. While global stocks were mostly mixed as investors tried to […]

David Stockman Warns “Don’t Forget About The Red Swan”

Authored by David Stockman via The Daily Reckoning, Given the anti-Trump feeding frenzy, we continue to believe that a Swan is on its way bearing Orange. But if that’s not enough to dissuade the dip buyers, perhaps the impending arrival of the Red Swan will at least give them pause. The chart below comprises a […]

In Latest Tightening Move, China To Cut Money Supply Growth To 12%

For a majority of China watchers, while Beijing’s goalseeked GDP reports are largely dismissed as politburo propaganda, most of the attention falls on the PBOC and banking sector’s credit creation, and particularly, how this translates into broad money supply, or M2, growth: after all, in a nation which has roughly $35 trillion in bank assets, […]