Sunday’s News Links

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[Reuters] China needs to change way it finances economy, think tank says [Reuters] Indian shadow bank Altico says evaluating options after default [CNBC] More $10 billion software companies are being minted than ever before — here’s why [Reuters] Pompeo says U.S. mission is to avoid war with Iran but measures in place to deter [Reuters] Iran says it will destroy… Read More

Weekly Commentary: No Coincidences

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September 20 – Wall Street Journal (Daniel Kruger): “The Federal Reserve Bank of New York will offer to add at least $75 billion daily to the financial system through Oct. 10, prolonging its efforts to relieve funding pressure in money markets. In addition to at least $75 billion in overnight loans, the New York Fed…… Read More

That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System

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Disaster Public Domain 540x360

We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis.  Over the past decade, there has been an insatiable appetite for cheap loans in emerging market economies, and a very substantial percentage of those loans were… Read More