The People’s Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions, sources told Reuters.
We got a fascinating boots-on-the-ground report from a friend of ours traipsing about Hong Kong … and no, this isn’t about Hong Kong. “My Big Short moment …” was the subject line. “The Big Short” refers to Michael Lewis’ book and the recent movie of the same name, which both tell the tale of events
Weird happenings and the squish factor … Read More »
Most people believe bubbles “burst”. When people talk about the decline of tech stock values at the turn of the century, they say “the tech bubble burst”. Of course, lately it’s all about the “real estate bubble” bursting. Over the last two years, The Real Estate Guys™ have taken some criticism over one of our