It is the 18th of August 2019

News

Chinese Contagion Risks Surge: Banks' Reliance On Each Other For Funding Hits All Time High

It's getting increasingly more difficult for China to deny its massively overindebted reality.

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Global Economic Overview (Brexit, China, Screwflation, Humility, Patience... )

 

Global Economic Overview (Brexit, China, Screwflation, Humility, Patience... )

 

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Visualizing The (Massive) Size Of The US National Debt

When numbers get into the billions or trillions, they start to lose context. As Visual Capitalist's Jeff Desjardins notes, the U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average person to comprehend.

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Chinese Bond Yields Tumble To 2009 Lows As Spooked Investors Rush Out Of Potential Defaults

The biggest (unspoken of) bubble in the world, just got bubblier. Following the lowest 10Y China government bond auction yield since records began in 2004, a surge of foreign inflows (seeking yield) combined with domestic flight-to-safety from the increasingly default-ridden corporate bond sector has sent China's government bond yields to 2009 lows.

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In First Autopilot Crash In China, Tesla Model S Driver Crashes In Beijing With Autopilot Engaged

Just two months after Elon Musk was engaged in major damage control over a scandal involving a Tesla Model S which crashed while in self-driving mode, killing its driver, China Daily reports that a Tesla Model S crashed in Beijing on August 2, while the car had its autopilot on and the driver had both hands off the steering wheel.

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