31 January, 2016 by The TZ Newswire Staff Comments Off on Oil falls as Asia economies slow, prospect of crude output cut dims
Oil falls as Asia economies slow, prospect of crude output cut dims
Oil prices dropped early on Monday after China and South Korea posted surprisingly weak economic data and on worries the prospect of a coordinated production cut by leading crude exporters seemed remote. Front-month Brent crude (LCOc1) was trading at $35.54 per barrel at 0157 GMT, down 45 cents, or 1.25 percent, from the last close. U.S. West Texas Intermediate (CLc1) was down 35 cents at $33.27 a barrel.
31 January, 2016 by The TZ Newswire Staff Comments Off on China official manufacturing PMI eases to 49.4 in January, misses forecasts
China official manufacturing PMI eases to 49.4 in January, misses forecasts
Activity in China’s manufacturing sector contracted more than expected in January, missing market expectations and weaker than the previous month, an official survey showed on Monday. The official Purchasing Managers’ Index (PMI) stood at 49.4 in January, compared to the previous month’s reading of 49.7 and below the 50-point mark that separates growth from contraction on a monthly basis.
31 January, 2016 by The TZ Newswire Staff Comments Off on China’s official factory PMI misses forecast
China’s official factory PMI misses forecast
China’s official factory activity skidded to a three-year low in January, while unofficial manufacturing data remained in contraction territory.
31 January, 2016 by The TZ Newswire Staff Comments Off on So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like (“by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs”), and briefly after we laid out the countless recent warnings from “very serious people” th
31 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China’s manufacturing index falls for 6th straight month
The Wall Street Journal: China’s manufacturing index falls for 6th straight month
China’s official manufacturing purchasing managers index, a gauge of the nation’s factory activity, fell to 49.4 in January from 49.7 a month ago, adding to signs of continued sluggishness in the world’s second largest economy.
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31 January, 2016 by The TZ Newswire Staff Comments Off on "This Is Much Larger Than Subprime" – Here Are The Legendary Hedge Funds Fighting The Chinese Central Bank
"This Is Much Larger Than Subprime" – Here Are The Legendary Hedge Funds Fighting The Chinese Central Bank
One month ago, we first revealed that for one prominent winner from the subprime crisis, Hayman Capital’s Kyle Bass, “the greatest investment opportunity right now” is to short the Chinese Yuan: as he explained “given our views on credit contraction in Asia, and in China in particular, let’s say they are going to go through a banking loss cycle like we went through during the Great Financial Crisis, there’s one thing that is going to happen: China is going to h