So, there’s this cheery little quote I ran across today: “Iraq remains the center of what Jordanian King Abdullah now refers to as the Third World War.” Source: World War Three may have already begun in Iraq and Syria Let’s hope he’s wrong. In other news mid-east news, the House of Saud has become the number three… Read More World News: April 7, 2016
So, I guess China’s bought a lot of their industrial infrastructure hardware from Siemens. I’ve worked on the computers that Siemens uses to operate their industrial equipment and I know first-hand that it has no business being connected to any kind of computer network. As of 2007 the Germany’s GE was still shipping computers using… Read More Stuxnet World Tour 2010
It appears the Peoples Republic of China is displeased with Google. The LA Time reports that the Google corporate executive site on some servers redirects to a Chinese webpage. Other Google properties that seem to be affected include the guest-facing side of Google Analytics. I guess it makes sense because. It was just this sort of shenanigans… Read More UPDATE: China H4X0RZ Google
As it moves to bolster its middle class, China looks as if it may, for the first time in nearly a quarter century, incur a deficit with its US trade partner. Chinese shares fell Tuesday as investors unloaded bank and property shares amid forecasts for a trade deficit in March that have raised uncertainties over… Read More China May Incur Trade Deficit in March
But China has a history of taking debt off its books and burying it, which should prompt us to poke and prod its numbers. If we go back to the last time China cooked the national books big time, during the Asian currency crisis of 1997, we can get an idea of where its debt… Read More Is China broke?
Saudi Arabia’s oil exports to the US last year sank below 1m barrels a day for the first time in two decades just as China’s purchases climbed above that level, highlighting a shift in the geopolitics of oil from west to east. via FT.com / Global Economy – China taps more Saudi crude than US.
We don’t know what happened yesterday, but two seismic monitoring stations some 1300 miles apart both reported an 8.6 earthquake in China. Maybe it was a weapons test. via Did An 8.6 Quake Hit China?.
Below its 200-day moving average the EUR has breached the floodgates. To what or to where is the million dollar question. The fear that Greece’s budget deficit woes cannot be contained and possibly filter throughout the region has unnerved investors and increased risk aversion actions. The US sub-prime debacle started this way, small, ballooned and… Read More China Chokes Credit while EUR plummets | OANDA Forex Blog
China, which roiled global markets early today after signaling another move to tighten bank lending, will be center stage again tonight with a slew of economic data. The question is whether the numbers will be so strong that the government will feel compelled to take additional steps to brake the economy and deflate potential asset bubbles.… Read More Markets brace for reports on China’s economy | Money & Company | Los Angeles Times
Google announced it will stop filtering its China search engine — or shut the site. And already, once-suppressed results are showing up on Google.cn (see screenshot; top is current, bottom from June). That’s the good news. The bad news? Google says it hasn't actually done anything yet. A spokesperson told the Daily Telegraph's Shanghai correspondent… Read More Google China’s New Take on ‘Tiananmen Massacre’ – Google – Gawker