The Market – Page 9

$1.8 Trillion Just Went poof

$1.8 trillion has been lost between now and the first quarter — and overwhelmingly, those losses occurred in the last few days. This will probably be the worst quarter for stock-market destruction since the third quarter of 2011, when $2.8 trillion was wiped away. via Households just saw $1.8 trillion in wealth vanish as stocksContinue reading “$1.8 Trillion Just Went *poof*”

IMF Pisses Off the Chinese Communist Party

The IMF has been acting heroic lately. It’s hard to believe. But, this is a sign of the times. Sigh. Markus Rodlauer, head of the IMF mission to China called for a “more market-oriented” rate. In other words the IMF is not happy that China lower the value of the yuan. via xenagoguevicene: Beijing: IMFContinue reading “IMF Pisses Off the Chinese Communist Party”

China losing control as stocks crash despite emergency measures – Telegraph

Just in case you hadn’t heard… The Shanghai Composite index fell 8.5pc despite emergency measures to shore up the market, with a roster of the biggest blue-chip companies down by the maximum daily limit of 10pc. The mood was further soured by news that corporated profits in China are now contracting in absolute terms, fallingContinue reading “China losing control as stocks crash despite emergency measures – Telegraph”

China’s Debt-to-GDP Ratio Just Climbed to a Record High – Bloomberg Business

Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008, data compiled by Bloomberg show. via China’s Debt-to-GDP Ratio Just Climbed to a Record High – Bloomberg Business.

Saudi Arabia borrows $4B as oil price reality hits home

Wow. The Saudis once had literally more money than they could spend. I believe I once read a figure of generating something like $600 million a day from oil exports. Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain highContinue reading “Saudi Arabia borrows $4B as oil price reality hits home”