While China's currency devaluation has, alongside the price of commodities, become one of the two key drivers of market volatility and tubulence around the globe, when it comes to risk, one far more important Chinese metric is the actual amount of capital that leaves the nation.
“These are extremely poor results,” Citi’s Andrew Coombs wrote last week after Deutsche Bank CEO John Cryan announced a “sobering” set of numbers for 2015.
By “sobering,” Cryan meant a net loss of more than $7 billion. It was the first annual loss since the crisis and was capped off by a Q4 loss of €2.1 billion which included €1.2 billion in litigation fees.
For all the traders and hedge fund managers who are under 30, Amazon has been here before, and not just once: a place where the company's growth prospects - perceived as virtually boundless - were put into question, leading to a collapse in the soaring stock price.
Indicatively, putting the company's "valuation" in context, AMZN is now trading at a PE of roughly 460x, which compares to 87x during the last peak in the summer of 2008.
Submitted by David Stockman via Contra Corner blog,
There is something rotten in the state of Denmark. And we are not talking just about the hapless socialist utopia on the Jutland Peninsula——even if it does strip assets from homeless refugees, charge savers 75 basis points for the deposit privilege and allocate nearly 60% of its GDP to the Welfare State and its untoward ministrations.