There's an image going round that sums up just how ridiculous Venezuela's economy has become.
China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations
China's move to devalue its currency roiled the markets last week, and stoked new fears about the health of the world's third largest economy.
'Deep wounds' within ruling Syriza party and growing disquiet in Berlin threaten to derail political support for a new €86bn Greek rescue
Just two days ago we warned of the dramatic disconnect between equity insurance and credit insurance markets - at levels last seen before Bear Stearns collapse.
Paper trumps plastic as people demand hard cash in times of uncertainty
Jim discusses the rapid drying of the Treasury bond liquidity market, the introduction of a new U.S. currency very soon, the BRICS challenge to the London-New York financial power base, criminal activity in financial markets, the global re-set of the
Crude oil just cracked $42 a barrel for the first time in over 6 years.
Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.
A Death Cross, Wild Market Swings And A Currency War - And We Haven't Even Gotten To September Yet
ALBERT EDWARDS WARNS: Prepare for overwhelming 'waves of deflation' to suck us into recession
The Chinese economy is going through puberty -- and the rest of the world will feel the impact
Alibaba Group Holding Ltd.'s quarterly sales rose at the slowest pace in at least three years and transaction volumes missed analyst estimates amid a weakening Chinese economy. Shares fell.
Devil Details and EU Guarantees
Increased pumping by OPEC as Chinese demand appears to be slackening could drive oil to the lowest prices since the peak of the financial crisis.
When China sneezes, the world catches a cold. Alternatively, when China devalues, the rest of the (exporting) world scrambles to not be the last (exporting) nation standing, and to do so next, before everyone else does.
For the last several months there have been warnings of a coming economic storm, with many forecasting serious financial calamity by the Fall of this year.
So long to Ritzy and farewell to Cinderella Rockafella – the long tradition of the great British nightclub appears to be on the way out.
China has devalued its currency, the yuan, by 2%.
Almost exactly seven months ago, on January 15, the Swiss National Bank shocked the world when it admitted defeat in a long-standing war to keep the Swiss Franc artificially weak, and after a desperate 3 year-long gamble...
Alasdair Macleod has posted an article at www.goldmoney.com which I think is important.
There's no other way to put it: Commodities took it on the chin last month.
While it was certainly no secret that Germany, the EMU's bastion of prudent finances and sound money, was no fan of the fiscally irresponsible eurozone periphery going into 2015, the extent to which Berlin's relationship with Athens and the Greek
In reaching a deal with Greece, Germany is the last remaining holdout.
History has shown that when a government wants to solidify its power, it has to turn its subjects into taxpayers. The Roman Empire demanded high tribute payments from every tribe it had newly conquered.
Even when all the warning signs are screaming danger - not only are they ignored, they're explained away as if those which saw or heard them, should be ignored as they'll contend not only did one not see; but couldn't see.
Asian shares fell within sight of a fresh 1-1/2 year low while commodity currencies such as the Malaysian ringgit fell further on Monday after Chinese data highlighted a deepening slowdown in demand in the world's industrial powerhouse.
Stock market crash will be of historical magnitude.
. Having hovered around the $43/$44 level all morning, new from Baker Hughes that the oil rig count in the US rose 6 to 670 (its highest in over 3 months) has sent it back down to a $43 handle...
The list of nations around the globe that have collapsing economies just continues to grow.