Chinese Industrial YOY Profits up 15.5% May 2013

The National Bureau of Statistics of China has issued a report today stating that the industrial profits of Chinese enterprises reached 470.55 billion Yuan ($76 billion), which is an increase of 15.5% since May 2012. Profits of state owned companies also increased by 5.7% during the same period. Analysts had predicted a rise of just…

Stock-Market Crashes Through the Ages – Part IV – Late 20th Century

The late 20th century was a jam-packed time for stock-market crashes that would change, shape and alter our lives in so many ways. We had gone through the post-war period and there was heightened wealth in western economies. People were asking for greater recognition and wealth was being distributed and redistributed in the construction of…

Major Chinese Banks Stop Lending

It was bound to happen some might say. We were warned! Chinese banks have stopped lending due to pressure from liquidity deposits. Some branches of the Bank of China and the Industrial and Commercial Bank of China have issued statements in which they announce that they are halting lending for a temporary period. Loans to…

Italy’s €8bn Loss! Draghi?

The Financial Times has revealed that Italy is facing losses of €8 billion due to derivative contracts that were taken out in the 1990s and that were restructured during the Eurozone crisis. The Financial Times has gained access to secret documents that show that the Italian Treasury Department is sitting on losses that were the…

Where’s Benjamin?

The Federal Reserve has had $1.2 million swiped from a flight somewhere between Switzerland, the land of secret banking, and New York City. Now, in the ranking of thefts that have taken place in history, this one seems like it is rather untimely! Has anybody seen Ben Bernanke lately? What’s even better is that the…

Trichet on Bernake

Jean-Claude Trichet, the former head of the European Central Bank, in an interview with CNBC stated that there was only so much that central banks could do to save the economic situation at the present time. He also went on to say that Ben Bernanke was doing what should be done right now. He spoke…