It appears the collapse of China’s stock market has officially taken its first victim. While we have heard from desperate farmers who lost everything after realizing that making money in stocks is not easier than farmwork, RT reports that a 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor […]
♠ Posted by Emmanuel in Casino Capitalism,China at 8/27/2015 12:51:00 PM
Islamabad or bust: HK stocks can now be bought more cheaply than Pakistan’s.
Having a powerful economy in your orbit, Big Brother style, has its benefits and drawbacks. For the longest time, the Hong Kong Stock Exchange (HKSE) has benefited from riding China’s slipstream: Late last year, mainland China overtook Japan […]
After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit. http://gawker.com/is-the-stock-m…Is The Stock Market Driven Mainly by Bullshit? Is The Stock Market Driven Mainly by Bullshit? Is The Stock Market Driven Mainly by Bullshit?Last week saw the stock market take its […]
Jim Grant: The Fed Turned the Stock Market Into a ‘Hall of Mirrors’
The editor of Grant’s Interest Rate Observer on the recent turmoil.
Matt Welch & Jim Epstein | August 26, 2015
“Confoundingly to me, people have come to be quite accepting of the value attached by fiat to these pieces of paper we call currency,” says Jim Grant, who’s the editor […]
I did not foresee the China mini-crisis. But I watched with fascination. Because I had little cash in my account, on August 12 I raised cash by selling my Cantel Medical (CMN) stock, all of it. Cantel is a great company making infection control devices. When I bought it in December of 2009 for $19.58 per share, after hearing about […]
USDA.govMonday was ugly.After stocks saw their worst week in four years, markets started Monday deep in the red, with the Dow plummeting 1,089 points before recovering some of its losses. All of the major US indexes fell over 3% by the end of the day.Tuesday feels like sunshine after a storm. Markets opened sharply higher, with the Dow up 390 […]
If you didn’t notice that the stock markets in the US dropped nearly 4% today (after falling last Thursday and Friday) then you were probably completely off-the-grid and on vacation.
It was a nerve racking morning.
My favorite Tweet of the morning came from Hunter Walk
And by this I assume he meant that “market prognosticator twitter” was vomitous. And if that’s what […]
Investing.comThe recent collapse in stocks has been quick and brutal.It has not been a fun couple of days in the stock market. On Monday, the Dow lost 588 points, capping the blue-chip index’s first-ever string of back-to-back-to-back days of 300-point declines. Shortly after the market open on Monday, stocks were in a panic, with the Dow falling more than 1,000 points while […]
AP Photo/Mark Humphrey
Republican presidential candidate and real-estate magnate Donald Trump released a video on Instagram on Monday, warning that China could bring the US economy down.
“I’ve been telling everybody for a long time China’s taking our jobs. They’re taking our money. Be careful: They’ll bring us down,” Trump said in the post. “You have to know what you’re doing. We […]
investing.comStocks are rolling over again. It’s been a chaotic day in markets, with the Dow crashing more than 1,000 points, the S&P 500 was down 120 points, and the Nasdaq was down 393 points shortly after the market open. All of the major averages were down 5% or more at their worst levels. The market recovered most of its losses during the morning, but near […]