Business

After a bubblicious surge higher over the last few months (as China's hot money swishes from one trending-higher market to another), China's bond market is collapsing. As Chinese money-markets tighten into new year, yuan weakens, and capital outflows accelerate, so it appears the final bastion of safety has cracked. Chinese bond futures crashed overnight by the most on record, erasing in a week the gains of the last 18 months.

New York Times CEO, Mark Thompson, has urged advertising networks to cease funding all forms of independent media outlets, claiming that they are guilty of spreading “fake news”. Speaking to the Detroit Economic Club, Mark Thompson urged advertising networks to starve all forms of alternative media and independent news websites of cash, thus causing them to disappear from the Internet altogether. “As for the digital giants, I believe they need to think hard about transparency and accountability.

The following article by David Haggith was published first on The Great Recession Blog:
I’m afraid the Trump train is headed for a sharp economic curve that takes us further away from free-market capitalism. The US already pulled out of the free-market station a long time ago, but Trumponomics moves deeply into a “mixed economy,” an economy in which government funding and private funding are married. The bankster-baron confederation in the Trump cabinet is how business and government consumate their marriage.

Three months ago, Janet Yellen was asked during the last FOMC press conference if she was "worried about bubbles in the economy because of our prolonged low interest rates?" Her 169-word response was the following:

By Chris at www.CapitalistExploits.at

Following directly on from yesterday's first part of my conversation with Mark Yusko, CEO and CIO of Morgan Creek Capital, today I have part two of my chat with Mark.

This time we discuss a wide range of topics: