The Chinese government has engineered a global stock market crash that could strike at almost any time, but at most is no more than a few years away.
After all, we know the Chinese embrace long-term plans to manage their economy; they’ve used five-year plans since the 1950s. And we know China has spent years building up its gold reserves. Continue reading
U.S. markets logged their fifth straight week of gains last week, pushing the Dow and S&P 500 into positive territory for the first time in 2016. But despite those gains, the fears of a stock market crash are still very real.
On Monday, the Chinese yuan joined one of the most elite clubs on the planet: the International Monetary Fund’s Special Drawing Rights basket of reserve currencies.
CURRENCY OLD WEIGHT NEW WEIGHT U.S. Dollar 41.90% 41.73% Euro 37.40% 30.93% Chinese Yuan – 10.92% Japanese Yen 9.40% 8.33% Pound Sterling 11.30% 8.09%
*Source: IMF Continue reading
The bull market is about to end, says UBS’ Julian Emanuel.
For months we’ve been warning of a stock market crash.
Money Morning Capital Wave Strategist Shah Gilani – a former CBOE trader, co-creator of the VIX (“fear index”), and hedge fund manager – has seen a bear market just over the horizon since March 2014. Continue reading