Silver as an investment

Category Archives: Wen Jiabao

Xi Could Rule For “Decades” As China’s New Leadership Team Unveiled

Xi solidified his power base with loyalists without signalling a successor. It’s looking increasingly like China and the rest of the world will be stuck with Xi Jinping beyond 2022. As the BBC reports, China has revealed its new senior leadership committee, breaking with tradition by not including a clear successor to President Xi Jinping. […]

The Devil’s Dictionary Of Post-Crisis Finance, Part 1

Reuters published a pioneering appropriation of Ambrose Bierce's 1911 form in 2007, when the global financial crisis was barely beginning. Call it "The Original Devil’s Dictionary of Finance." But it no longer seems adequate for the post-crisis task. Herewith part one – for the letters A to K – of the sequel, updated and enlarged […]

Sorry Bloomberg, Someone DID Notice That China Is Dumping A Record Amount Of Bonds

Earlier today, Bloomberg TV blasted an amusing snippet from an article that was based on some deep revelations about what is happening in the bond market: Here is the relevant section for the highlight-challenged: It says: “China sells $180 billion of US Treasuries but no one notices.” BBG TV references the following Bloomberg article “China […]

Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal

As China’s anti-corruption crackdown continues, the crony-capitalists are slowly exposed. As EJ Insight reports, the son-in-law of former PBOC governor and former Tianjin mayor Dai Xianglong bought millions of dollars of shares (via offshore entities) ahead of Beijing’s decision to allow mainland residents buy Hong Kong stocks directly.   BREAKING: Son-in-law of ex-China central bank […]

The Single Most Important Issue For the Power Elite In China… And What It Means For the Global Economy

As noted previous articles… the global central banks have begun to realize that the success of their reflationary efforts has resulted in yet another speculative bubble in asset classes, specifically stocks and real estate.   Nowhere are these issues more evident today than in China.   Many commentators have spent a great deal of ink […]

China’s Epic Offshore Wealth Revealed: How Chinese Oligarchs Quietly Parked Up To $4 Trillion In The Caribbean

The last time the International Consortium of Investigative Journalists made a splash in the financial media was in April of last year year when it disclosed a trove of secret documents revealing a massive treasury of offshore wealth parked away from taxation-happy host governments. The context was clear: in the aftermath of the Cyprus deposit […]

Michael Pettis Warns China Bulls “It Is Almost Impossible For Growth To Remain This High”

With manufacturing and non-manufacturing PMIs disappointing, and the nation’s banking system still stuck in the thralls of a liquidity crisis (each time the PBOC removes the punchbowl), Michael Pettis’ warnings are becoming increasingly likely (even though consensus remains that China will save the world somehow – as it transitions ‘smoothly’ to a consumer-based economy).   […]

How JP Morgan Bribed The Chinese Prime Minister’s Daughter Using A Fake Name

Submitted by Michael Krieger of Liberty Blitzkrieg blog, Allegations of JP Morgan’s use of clever tactics to bribe Chinese officials recently received mainstream attention when Salon journalist Alex Pareene mentioned it in a comical and classic interview on CNBC (you need to watch the video before reading this) with presstitute Maria Bartiromo. When Mr.Pareene mentioned these claims […]

Guest Post: China’s Housing – Living In A Bubble

Submitted by Mu Chunshan via The Diplomat, Rising home prices, especially in major cities, are prompting a growing chorus of discontent among ordinary Chinese. My Japanese friends would no doubt feel more than hint of nostalgia should they visit Beijing. For just like the famous Japanese “bubble economy” of the late 1980s, Beijing has been […]

Spying! China Condemns US: That’s Rich!

China! Honestly, it comes to something when China jumps on the accusatory band-wagon asking the US administration to provide some comments about its monitoring programs and answer up to the international community. So, I guess China is now the defender of the faith! That’s rich! Well, it takes all sorts to make a world. They […]