Sunday, August 23, 2015

China currency devaluation; Equity markets free to collapse

Doomsday clock for global market crash strikes one minute to midnight as central banks lose control

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.

Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.

The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.

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1:02 EST


China and Global Economy:

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The Global Economy Is Looking Very 1990s

The Global Economy Is Officially Melting Down (According to Alex Jones, that is)

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Is having individual billionaires good or bad for a country's economy?

Lebanon Premier Warns of Economic Collapse Amid Political Crisis

The Dow has fallen 1300 points from its peak

The Shanghai composite fell by more than 11% this week (August 21, 2015)


South, North Korea begin second day of high-level talks after all-night session fails to resolve crisis

Rival Koreas restart talks, pull back from brink - for now

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