Kyle Bass: Capital Flight Risk from Hong Kong
“If the wealthy in Hong Kong either convert to dollars or start leaving, which… then Hong Kong is finished”
A Timeline of American Companies Giving Up on the Chinese Market
As many American companies have discovered, doing business in China is far from straightforward
Druckenmiller: We All Own a Bunch of Assets That Are Ultimately in Weak Hands
“We are in… one of the most innovative… economically disruptive periods since the late 1800s and you hardly see any bankruptcies”
Jerome Powell Is Not a Hawk
“Perhaps it is time to retire the term unconventional when referring to tools that were used during the crisis.”
El-Erian: Markets Risk ‘Self-Fulfilling’ Problem, Fed Must Cut
“Remember the ECB. Their complexity is much higher than that of the Fed.”
Falling Share Counts Masking Deeper Market Weakness, Apple Has Bought Back a Quarter of Its Shares in Five Years
Citi spent nearly $47 billion buying back almost 23% of its outstanding shares. Citi’s share price stayed positive while its market cap fell from $150 billion to $128 billion
Rick Santelli: US Is ‘Importing’ Low Interest Rates
“Hey Mario, you should have started tightening a while ago”
Christopher Balding: China Short on Dollars, Reserves Looking Small
“They have a little more than $2 trillion in US denominated debt… so that $3 trillion (of reserves) looks a lot smaller than it actually is”
Map: Who Owns the World’s Gold Reserves
China and Russia have been some of the most aggressive buyers of gold in recent years
Total Loans-and-Leases-to-GDP Surpasses 2009 High for the First Time
Corporate delinquencies have already started to edge up, ever so slightly