China Steps Up Live-Fire Naval Exercises On “Enemy” Targets

China has been stepping up its maritime combat readiness, according to analysts responding to official reports that the People’s Liberation Army (PLA) had staged at least three naval drills over the past week.  On Monday, the Southern Theatre Command acknowledged over social media that a frigate…

China Credit Impulse Shrinks To 2 Year Low Amid Collapsing Shadow Banking Debt

With China having given up on its latest attempt to deleverage in response to the escalating trade war, the market was keenly looking at the latest credit metrics out of China to see if this was already reflected in the official data, and sure enough…

Global Stocks ‘Miraculously’ Brush Off Emerging Markets Massacre

Overheard everywhere today… Emerging Market FX was where the headlines were today… But stocks in China, Europe, and US all saw miraculous ramps  as EM tumbled…   Obviously Turkey led the charge… CBRT desperately defended the 7.00 line in the sand for USDTRY..   We…

Alex Jones – 2018-Aug-07, Tuesday

China Uses Apple as Bait! – China’s state-run media warns that America’s Apple can be used as a “bargaining chip” in the coming trade war. The communist nation said that the California company’s use of China’s cheap labor allowed Apple’s $1 trillion valuation. Joining today’s show is…

China Halts Imports Of US-Made Mercedes SUVs Due To “Brake Issues”

We are sure it’s just a coincidence, but – amid all the trade tensions between US and China – Shanghai customs authorities have suddenly blocked the importations of all US-manufactured Mercedes Benz SUVs. Reuters reports that, according to a Chinese customs document circulating on Chinese…

China Just Tested A Hypersonic Missile The US Can’t Defend Against

China claims to have successfully tested a new hypersonic missile that would be capable of penetrating any missile defense system in the world. The Starry Sky-2, which is an experimental design known as “waverider,” rides the shock waves generated during flight. The missile could one…

Where Are We In The Trade Wars: A Q&A With Goldman Sachs

Trade tensions between the US and China have increased further over the last several days, with additional tariff measures announced by both sides over the past 24 hours, including China’s latest retaliation just this morning. At the same time, other areas of trade policy have…

Nasdaq Bounces But Dollar, Ruble, Cryptos, China, Tesla, Italy, & Crude Crumble

Just because it makes me laugh… The Great Fall Of China continues…   European stocks limped lower on the day…   But US Stocks miraculously bounced at the cash open once again…but ended ugly with only Nasdaq holding gains…   S&P and Nasdaq remain shy…