The Traderszone Network

Chinese tech giant co-founder calls Chinese conglomerate LeEco a “Ponzi scheme” in an online comment, the SCMP reports.

David Blanchflower is a former member of the Bank of England’s Monetary Policy Committee who is now a professor at Dartmouth College
Blanchflower spoke with Business Insider in an interview

Hedge funds booked their eighth consecutive month of positive performance in June, according to new data from Preqin, surpassing the seven-month stretch between March and September of last year and notching the best first half of a year for the industry since 2009.

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(GLOBALINTELHUB.COM) Dover, DE — 7/18/2017 — Hidden in plain site, as the Trump administration finally released something of substance regarding the so called promised “Trade Negotiation” we see FX take center stage in the global drama unfolding.  As noted on a Zero Hedge article:

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A ‘what to expect’ from Bank of America Merrill Lynch. To cut to the chase for the EUR:
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We expect the ECB this week to toughen their language marginally, by removing the easing bias on QE, while insisting on the need for prudence and a persistent monetary stimulus.

The People’s Bank of China opened the doors a little earlier today, saying (again!) they’d maintain reasonable liquidity and focus on deleveraging and reforms.

China’s rise in tech has been spurred by large firms such as Alibaba that paved the way for other local firms to follow.