The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s biggest infrastructure program.This pushed up the prices of iron ore, oil, copper, […]
Related BZSUMMarket Update: Wall Street Analysts Take On CNX Coal ResourcesMid-Day Market Update: U.S. Stocks Slide; Marketo Shares Surge On Earnings BeatRelated TEVATeva Buys Allergan Unit: How Mylan, Other Biotech Stocks Are ReactingBenzinga’s Volume MoversStocks In The Red But Off Lows As Shanghai, Europe Weigh(Investor’s Business Daily)China stocks suffered the sharpest daily decline since 2007. According to The Wall Street […]
Related BZSUMMarket Update: Wall Street Analysts Take On CNX Coal ResourcesMid-Day Market Update: U.S. Stocks Slide; Marketo Shares Surge On Earnings BeatRelated TEVATeva Buys Allergan Unit: How Mylan, Other Biotech Stocks Are ReactingBenzinga’s Volume MoversStocks In The Red But Off Lows As Shanghai, Europe Weigh(Investor’s Business Daily)China stocks suffered the sharpest daily decline since 2007. According to The Wall Street […]
The number of Chinese people who access the Internet via their smartphones is soaring and many of them are using those phones to trade stock.
About 56.28 million Chinese stock or fund investors who used the Internet to trade during the first half of 2015, a 47.4% increase from the end of 2014, according to a report published by the China […]
Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:
Copper traded near the lowest since 2009 as Chinese manufacturing data added to evidence that demand is slowing in the world’s biggest user of raw materials.The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics unexpectedly fell to the lowest in […]
Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?
By Michael Snyder, on July 22nd, 2015If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months […]
In light of the Chinese, and also Japanese and US governments’ direct interference in their stock and bond markets, the following historical reminders may be in order:
On May 26, 1896, the Dow Jones Industrial Average, an index of a few companies at the time, was first published. Mr. Charles H. Dow, the driving force behind it, predicted that these companies, […]
The Chinese government just announced that it will suspend stock trading on Sept. 3 and 4, according to the Shanghai Stock Exchange (h/t South China Morning Post’s George Chen) The official reason, as mandated by the securities regulator, is to commemorate the Japanese surrender (link in Chinese) that ended World War II.The motive you won’t find on any Chinese government […]
Calm was seemingly restored last week as Greece embraced a punishing deal offered by the EU while Chinese authorities reversed the A-share meltdown with a capital infusion estimated at over $200 billion dollars and the implied threat of capital punishment for anyone daring to sell short. Against a backdrop of positive economic releases and a pullback from catastrophe overseas, a […]
Barrie McKenna of the Globe and Mail reports, Bank of Canada cuts key rate as economy contracts, exports stall:
Stephen Poloz is refusing to call it a recession, but the Bank of Canada Governor says the country needs another jolt of interest rate relief as the economy shrinks and exports stall.The central bank lowered its trend-setting overnight rate a quarter percentage […]
