In the past year the stock markets in China erupted, contracting by nearly 50% in just three months, after having risen in the preceding year…
Foreign-exchange reserves
The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and…
Last weekend, we explained why it really all comes down to the death of the petrodollar. China’s transition to a new currency regime was supposed to represent…
On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast…
As the emerging market meltdown accelerates, plunging half of EM equity bourses into bear market territory and wreaking unspeakable havoc on currencies from LatAm to…
Russia intends to become the first country among the BRICS group of the world’s five leading emerging economies to ratify an agreement on the group’s…