12 Signs That An Imminent Global Financial Crash Has Become Even More Likely
• By Michael SnyderDid 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.
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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.
The contrarian investor stated that China's economy isn't experiencing a freefall and the current devaluation is minuscule. He noted that the yuan's value has substantially increased over the past several years compared to the U.S. dollar.
Researchers have developed technology that allows students to control robots through a cap that detects the faint electrical activity of their brains
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.
China's surprise currency devaluation yesterday has fueled the ongoing currency wars. Escalation is on the way. Who wins? Who loses?
China has devalued its currency, the yuan, by 2%.
It's much, much bigger
Alasdair Macleod has posted an article at www.goldmoney.com which I think is important.
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...
The United States is not exactly happy about Beijing's drone proliferation. But, in this one case, it's been strangely helpful.
This development will generate enough electricity to supply over 1 million households.
China's central bank has just devalued its currency.
Pointing to the success of Chinese movies like Tencent-backed Monster Hunt, Chinese internet companies are restructuring the country's burgeoning film industry with their technology and online platforms, pundits say.
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.
China is going to build its first hybrid fusion-fission reactor by 2030, according to local media reports.
"We got this..." Right up until around 55 seconds in the following clip...
Anyone with a nose for markets will tell you that the Chinese government's attempt to rescue the country's stock markets from collapse is far from succeeding.
Their Assets. It was almost exactly two years ago, when during China's long-forgotten attempt to actively deleverage its economy (remember that? good times...) we commented on the country's s first attempt to estimate what its local government debt
"I believe that anyone who has a job and works full time, they should be able to pay the things that sustain life: food, shelter and clothing. I can't even do that."
It's a sad day when the International Olympic Committee cannot even clear one of the lowest bars for choosing the host city for the Winter Games: snow.
Bubblevision's Scott Wapner nearly split a neck vessel today denouncing the US stock market sell-off. It was completely unwarranted, he thundered, because China don't have nothin' to do with anything.
The Chinese navy shows off its skills during military drills in the South China Sea
KINGSTON, NY, 29 July 2015--By any measure, the Chinese equity markets are in turmoil. The Shanghai Index, up 150 percent in a year and down some 30 percent since mid-June, was hit hard again Monday, losing another 8.5 percent -- its second-biggest
During his term in office, former Premier Zhu Rongji stated, "The stock market needs to help lift SOEs out of poverty." The CCP set a goal of pulling SOEs out of poverty within three years via use of the stock market. It then went about it by lis
One week ago, our post "China's Record Dumping Of US Treasuries Leaves Goldman Speechless" which revealed an unexpected plunge in China's foreign exchange reserves...
The Reality Of A Massive Market Crash: "I Have Lost Everything… I Don't Know What To Do… I Trusted the Government Too Much…"
The Reality Of A Massive Market Crash: "I Have Lost Everything… I Don't Know What To Do… I Trusted the Government Too Much…"
A little known startup is trying to make batteries that last a lot longer. If it succeeds, it would be a big breakthrough.