The China stock market downturn and currency changes have started to impact the global market. With 50+ startups in my firm’s global portfolio and a fast growing startup of my own, I thought it would be very timely to discuss what is happening in China and it’s potential impact on startups.So I jumped on a call with Vaughn Tan, Assistant […]
Uncertainty continued to reign across the global stock market Wednesday as investors waited to see whether China could manage to stabilize its economy following its massive plunge on Monday.It was hoped the worst was over after the People’s Bank of China cut its interest rates late on Tuesday and lowered the amount of reserves it demands that banks hold, but […]
LONDON – When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the […]
June was an unusually cruel month for the Chinese stock markets—and yet, somehow, July outdid it.The Shanghai Composite benchmark index ended the month down 14.3%. That compares with June’s 7.3% loss. (To be fair, though, Chinese stocks peaked in mid-June, shedding 17.2% after June 12.)It was only in the last week or so that things got truly ugly. Until then, […]
This article was written by Michael Snyder and originally published at his Economic Collapse blog.Editor’s Comment: The alarm bells of a looming crash have again and again sounded, with a constant stream of reports that show Americans at large have been screwed over again and again, while the same maniacal banksters who took us over the cliff last time up […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
Getty Images/Mohd RasfanAs regular readers know, for the past ~21 months I have been worrying out loud about US stock prices. Specifically, I have suggested that a decline of 30% to 50% would not be a surprise.I haven’t predicted a crash. But I have said clearly that I think stocks will deliver returns that are way below average for the next […]
Investors look through stock information at a securities firm in Haikou, Hainan province, on Friday. Photograph: Zhao Yingquan/Xinhua Press/Corbis
As the east coast of China was put on high alert for the approach of super-typhoon Chan-hom, it was not clear whether the financial storm that has rocked the country’s stock markets had blown itself out.Share prices rebounded to record their best […]
Nosedive PanicThe crash in Chinese equities continues amid regulators’ talk of panic and irrational selling.Ironically, China has banned the use of terms like ‘equity disaster’ and ‘rescue the market’ in analyst’s reports on the stock market.Over Half of Companies HaltedThe Guardian reports China Stock Markets Continue Nosedive as Regulator Warns of Panic.
Chinese stock markets tumbled again on Wednesday as investors […]
