Zero Hedge
"Time is now rapidly running out," warns The Telegraph's John Ficenec as the British paper takes a deep dive into the dark realities behind the mainstream media headlines continued faith in central planning. Sounding very "Zero Hedge", Ficenec warns that 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.
• Why China has devalued the renminbi
The Chinese economy has now hit a brick wall. Economic growth has dipped below 7pc for the first time in a quarter of a century, according to official data. That probably means the real economy is far weaker.
Read more
"Time is now rapidly running out," warns The Telegraph's John Ficenec as the British paper takes a deep dive into the dark realities behind the mainstream media headlines continued faith in central planning. Sounding very "Zero Hedge", Ficenec warns that 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.
There are signs things could get a whole lot worse.. (via The Telegraph)
1 - China slowdown
China was the great saviour of the world economy in 2008. The
launching of an unprecedented stimulus package sparked an infrastructure
investment boom. The voracious demand for commodities to fuel its
construction boom dragged along oil- and resource-rich emerging markets.
• Ambrose Evans-Pritchard: China cannot risk the global chaos of currency devaluation• Why China has devalued the renminbi
The Chinese economy has now hit a brick wall. Economic growth has dipped below 7pc for the first time in a quarter of a century, according to official data. That probably means the real economy is far weaker.
Read more
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