Authored by He Huifeng via The South China Morning Post,
In an inglorious echo of 2007 America, many young homeowners in booming cities owe more than they earn, and some even falsify salary details to get bigger mortgages...
Nearly two years after the historic, and still mysterious "Shanghai Accord" which in early 2016 halted what at the time appeared to a global collapse in capital markets courtesy of what appears to have been unprecedented political, fiscal and monetary coordination between the developed world and China, on October 18 the world turns its attention to what is arguably the most important political event of the year, and the logical conclusion to the stabilization process which started with the Accord, when the Chinese Communist Party kicks off its 19th Party Congress, the political even
Authored by James Rickards via The Daily Reckoning,
China is a relatively open economy; therefore it is subject to the impossible trinity.
China has also been attempting to do the impossible in recent years with predictable results.
Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital account to allow the free exchange of yuan for dollars, and China preferred an independent monetary policy.
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
For those of you who don’t know Andy Xie, he’s an MIT-educated former IMF economist and was once Morgan Stanley’s chief Asia-Pacific economist. Xie is known for a bearish view of China, and not Beijing’s favorite person. He’s now an ‘independent’ economist based in Shanghai. He gained respect for multiple bubble predictions, including the 1997 Asian crisis and the 2008 US subprime crisis.
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold