China Quietly Bails Out Another Bank With 620 Billion Yuan In Assets

November 17, 2019@9:05 PM TFP Editor 0

China Quietly Bails Out Another Bank With 620 Billion Yuan In Assets Late last week, we argued that one could ignore China’s sinking retail sales, industrial production, capital expenditures, record low and declining sub-6% GDP and even its fading monthly credit injections and impotent credit impulse, and instead what matters most for the world’s second biggest economy with the world’s biggest financial system (at around $40 trillion, roughly double that of the US) is the following chart showing the market cap to total assets ratio [Read More]

China Quietly Bails Out Another Bank With 620 Billion Yuan In Assets

November 17, 2019@9:05 PM TFP Editor 0

China Quietly Bails Out Another Bank With 620 Billion Yuan In Assets Late last week, we argued that one could ignore China’s sinking retail sales, industrial production, capital expenditures, record low and declining sub-6% GDP and even its fading monthly credit injections and impotent credit impulse, and instead what matters most for the world’s second biggest economy with the world’s biggest financial system (at around $40 trillion, roughly double that of the US) is the following chart showing the market cap to total assets ratio [Read More]

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Factbox: Ford bets Mustang muscle can sell an electric SUV

November 17, 2019@8:47 PM TFP Editor 0

Ford Motor Co has tried and failed to generate interest in utilitarian electric vehicles such as a battery-powered Focus compact car. Now, the company is using the high-performance image of its Mustang muscle cars to sell an electric SUV. Here are some details of the Mustang Mach E’s design and performance. Read on Reuters

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Asia shares tick higher as China cuts repo rate

November 17, 2019@8:35 PM TFP Editor 0

Asian shares blipped higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that more stimulus was on the way for the world’s second-largest economy. Read on Reuters

Asian shares mixed amid cautious mood, eyes on trade talks

November 17, 2019@8:32 PM TFP Editor 0

Asian shares are mixed in a cautious mode after Wall Street closed out the week with milestones By YURI KAGEYAMA AP Business Writer November 18, 2019, 2:31 AM 3 min read Asian shares are mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Japan’s benchmark Nikkei 225 inched up nearly 0.2% to 23,344.06 in morning trading. Australia’s S&P/ASX [Read More]

In One Chart: Why Dow 28,000 could mark that ‘blowoff top’ bears have been predicting

November 17, 2019@8:25 PM TFP Editor 0

Last month, the Federal Reserve began snatching up short-term Treasury debt to the tune of $60 billion per month in response to the repo mess that sent a chill through Wall Street back in September. While it might sound like another round of quantitative easing, Fed Chair Jerome Powell wanted to make it clear: It’s not. “In no sense is this QE,” he said. Charles Hugh Smith, the author behind the “Of Two Minds” blog, isn’t buying it. In a recent post, he recounted a [Read More]

Epstein’s Prison Guards Could Face Criminal Charges

November 17, 2019@8:15 PM TFP Editor 0

Epstein’s Prison Guards Could Face Criminal Charges While the political and financial elites across the globe (and certainly in the UK) are doing everything in their power to bury the Epstein scandal – so to speak-  both literally and metaphorically, CBS reports that such efforts face a hurdle as Federal prosecutors in New York are considering bringing criminal charges against the two correctional officers responsible for guarding Jeffrey Epstein on the night of his death. As a reminder, Epstein, who was 66 at the time [Read More]