Asia

Gold Surges 2.6% After Jackson Hole and N. Korean Missile

“Financial markets think the only realistic option for the U.S. and North Korea will be to sit down and talk at some point because other options are too costly for everyone involved. But no one can rule out the risk of accidents. Markets think the chicken game will continue for now and North Korea will remain a risk.”

      - Masayoshi Kichikawa, chief strategist at Sumitomo Mitsui.

Authored by Cyril Widdershoven via OilPrice.com,

Authored by Christof Gisiger via Finanz Und Wirtschaft,

Anne Stevenson-Yang, co-founder and research director at J Capital, warns that the monster bubble in the Chinese housing market is ripe to pop and that the Chinese currency will crash.

Authored by Eugene Chow via The National Interest,

Hidden in plain sight is an intimidating Chinese weapon that allows it to hold a quarter of the world’s population hostage without firing a single shot. While much attention has been given to the nation’s fearsome new military hardware, a formidable component in its arsenal has largely escaped notice: dams.