Oh Sh*t... This Just Happened

Today we’re going be unpacking the latest from closely watched indicators out of China: bank lending data, household credit, the movement of the yuan, and what a single real estate developer—China Vanke—tells us about debt and payments right now. Bank lending in 2025 fell to the ...  Show more

The Japanese yen keeps tumbling and as it does it is tanking the bond market over there. What we have is the first case of a currency value setting interest rates, with, of course, the Bank of Japan helplessly caught in the middle. That helplessness is reinforced by the fact Japa ...  Show more

Back in the 1970’s there was a very popular graphic of a Lincoln US one cent coin. The original coin on the back has the words engraved “In God we Trust”. The coin had been altered to say, in Oil we trust. 

At the time, that meme rang true as people were lining up at gas ...

The stock market crashed on August 5, in a new "Black Monday". What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese eco ...  Show more

Sur fond de guerre commerciale à outrance et de dissensions au sein des pays membres de l’OPEP, le prix du pétrole a cassé un support technique majeur et enregistré une chute plus vue depuis la crise sanitaire. Le marché craint une récession économique mondiale, mais ce n’est qu’ ...  Show more

Le cours du pétrole a rebondi de près de 18% depuis la fin du mois de juin, sur fond de driving season en Europe et aux Etats-Unis et de réduction de la production de pétrole de l’OPEP. La question légitime pour les marchés financiers est : s’agit-il d’un dead cat bounce (d’un si ...  Show more