2 November, 2015 by The TZ Newswire Staff Comments Off on Here’s how cash is smuggled out of China, but that’s about to change
Here’s how cash is smuggled out of China, but that’s about to change
Rules allow about $50K, but using underground banks, transfers using Hong Kong money changers, carrying cash over borders & “smurfing” means the rules are being circumvented
2 November, 2015 by The TZ Newswire Staff Comments Off on Dr. Doom calls bubble, adding to gloomy calls
Dr. Doom calls bubble, adding to gloomy calls
The Fed inflated a bubble and that will damp market returns, Marc Faber, publisher of The Gloom, Boom & Doom Report, said.
2 November, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley ‘trade of the week’ is to sell EUR/JPY
Morgan Stanley ‘trade of the week’ is to sell EUR/JPY
Morgan Stanley’s G10 trade of the week idea is to sell EUR/JPY
The cite:
– ECB’s Draghi has sent an important signal that the ECB would like a weaker EUR
– MS economists expect the ECB to respond in December, cutting the deposit rate by 10bp, adding 05bn per month extra of purchases and extending the purchase programme to March 17
2 November, 2015 by The TZ Newswire Staff Comments Off on The Reason For Bitcoin’s Recent 60% Surge Revealed
The Reason For Bitcoin’s Recent 60% Surge Revealed
It was precisely two months ago, on September 2nd, when we explained that as a result of China’s recent currency devaluation, in order to mitigate the inevitable capital outflows that such an FX move would unleash, China was “scrambling to enforce capital controls” in order to prevent the exit of hot (and not so hot) money from China’s economy.
We then said the following to explain why “this is great news for bitcoin”:
2 November, 2015 by The TZ Newswire Staff Comments Off on Did Something Just Snap In China: Total SOE Debt Rises By $1 Trillion In One Month
Did Something Just Snap In China: Total SOE Debt Rises By $1 Trillion In One Month
We found something unexpected when skimming through the website of China’s finance ministry.
While most China pundits keep close track of China’s monthly loan creation and, especially these days, its Total Social Financing number to get a sense of what, if any, credit is being created outside of conventional lending channels within China’s shadow banking system, one just as critical please to keep track of Chinese credit is the monthly report on national state-owned and state holding enterprises.
2 November, 2015 by The TZ Newswire Staff Comments Off on China NDRC says 7% growth a target, not a must-hit goal
China NDRC says 7% growth a target, not a must-hit goal
Via MNI comes this from the the
National Development and Reform Commission
– 7% growth is a target and not a must-hit goal
– Government is aiming for growth in a band around 7% – but not at 7%
–
2 November, 2015 by The TZ Newswire Staff Comments Off on Over 40 pct of China’s online sales counterfeit, shoddy – Xinhua
Over 40 pct of China’s online sales counterfeit, shoddy – Xinhua
More than 40 percent of goods sold online in China last year were either counterfeits or of bad quality, the official Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector. According to the report, which was delivered to China’s top lawmakers on Monday, just under 59 percent of items sold online last year were “genuine or of good quality”, Xinhua said.