BY IWB · JULY 7, 2015 For a record 12th day in a row, Chinese margin debt balances have dropped with today’s 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse leaving more than 54% of all … [Read more...] about China Crashes At Open With Over Half The Stocks Suspended; Margin Debt Plunges Most On Record.
Beyond sad: The real U.S unemployment rate was 42.9%, not 5.5%
David Stockman looks at 5.5% unemployment: At the present time, there are 210 million adult Americans between the ages of 16 and 68—to take a plausible measure of the potential work force. That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least … [Read more...] about Beyond sad: The real U.S unemployment rate was 42.9%, not 5.5%
Warren Buffett And The Chinese Are Loading Up On Hard Assets
by James Rickards. Posted May 19, 2015. Money is transitory and wealth is permanent. So, a lot of people confuse money and wealth and say well, I have a lot of money so I’m wealthy. Well, in the short run, that may be true but in the longer run, the money can go away but … [Read more...] about Warren Buffett And The Chinese Are Loading Up On Hard Assets