A Failing Empire, Part 3: China & Russia Are Transforming Enemies Into Friends
Authored by Federico Pieraccini via The Strategic Culture Foundation,
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All Hail Chinese Emperor Xi Jinping: Will He 'Make China Great Again'?
Authored by Mike Shedlock via Maven.net/MishTalk,
At the nineteenth Communist Party meeting, Chinese president Xi Jinping consolidated his hold on power.
But can he make China great again? What would it take?
New Yorker columnist Jiayang Fan notes At the Communist Party Congress, Xi Jinping Plays the Emperor.
The Dollar Funding Shortage: It Never Went Away And It's Starting To Get Worse Again
Very quietly, in the last few weeks, cross currency basis swaps (CCBS) related to the dollar have reversed their rise and started moving deeper into negative territory… again. This might not be of much interest to buyers of global equity markets at this point, but it is signalling ominous signs of growing funding stress in the financial “plumbing”.
What To Look For If This Is Indeed A Major Bubble
The core thesis presented earlier by Fasanara Capital, is that what is taking place in the market right now is the blowing of arguably the biggest asset bubble in history, or rather twin bubbles - impacting both equities and bonds...
... created by trillions in central bank liquidity injections, and characterized by unprecedented equity valuations...
... concurrent bond bubbles, especially in Europe...
... defined by a "fake markets cycle"...
... which relies on narratives created daily to justify the "fake markets"...
Happy Black Friday
Amsterdam | As the financial world happily fixates on who will be the next Fed Chairman, I am in Europe celebrating the 30th anniversary of Black Friday, October 19, 1987. Three decades ago, I was on a trading desk at Bear, Stearns & Co in London along with David, Joey, Gregory, Peter and Paul, among others. We had just finished a remarkable four year run, but the party was over.