China Will Adjust Liquidity

  The statement was issued through the official news agency of the People’s Bank of China, the Xinhua News Agency today stating that china will adjust liquidity. It went on to mention that “prudent” monetary policy would be implemented and would continue to be used, but fine-tuning would be used where and when appropriate in…

Gold Plunges

Gold has gone down Friday to under $1, 200 an ounce and that means it’s reached its lowest point for the past three years. Worse than that: it’s been the worst quarterly performance for gold for 45 years! But the mere mining of gold is now just under the market value of gold and this…

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…