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Bloomberg (January 19)

2024/ 01/ 20 by jd in Global News

“Chinese stocks just capped another dismal week…. Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.”

 

CNN (October 19)

2022/ 10/ 20 by jd in Global News

Even with “Trussonomics… tossed out and a total market meltdown avoided, the near-term prospects for Britain’s economy look increasingly wobbly. A recession stretching through the winter looms. Policymakers were facing tough choices even before Truss unleashed financial market chaos. Now, with the government’s credibility tarnished, they’re in an even worse predicament.”

 

Barron’s (July 24)

2022/ 07/ 25 by jd in Global News

“China’s property slump and suffering economy is leading some to wonder if China could be on the brink of its own Lehman-style crisis. While the troubles facing China’s economy are substantial, it’s unlikely to push China into the type of meltdown that sends the country’s financial system into a tailspin.”

 

Financial Times (September 22)

2021/ 09/ 23 by jd in Global News

“While Evergrande’s US dollar bonds are trading at levels that suggest default, Beijing is unlikely to allow the company’s woes to proliferate to the point at which they risk creating a systemic crisis. The correct way to view the Evergrande meltdown is to see it as a controlled explosion. Beijing is teaching the developer a very public and painful lesson.”

 

Newsweek (September 4)

2018/ 09/ 06 by jd in Global News

“September 15 will mark the tenth anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession.” With household debt at “an all-time high of $13.2 trillion,” we’re now close to a repeat. The direct cause will be income imbalance, not a banking crisis. “The U.S. economy crashes when it becomes too top heavy because the economy depends on consumer spending to keep it going…. For a time, the middle class and poor can keep the economy going nonetheless by borrowing. But, as in 1929 and 2008, debt bubbles eventually burst. We’re getting dangerously close.”

 

Bloomberg (March 26)

2018/ 03/ 27 by jd in Global News

“Tokyo bulls can’t buy a break. Just as the economy shows signs of life, they’re ensnared in a global equity meltdown that on Friday alone lopped $200 billion from the price of shares.” The threat of a trade war, a sell off by foreign investors and the surging yen are “all starting to dent sentiment for Japan, where bears had previously been hard to find.”

 

Institutional Investor (September 12)

2016/ 09/ 13 by jd in Global News

“Weak markets and worries about growth are putting pressure on fund managers across Asia. Chinese stocks barely began recovering from the summer 2015 meltdown before taking another hit earlier this year, while investors in Japan turned bearish on Prime Minister Shinzo Abe’s economic policies as growth slowed.”

 

Wall Street Journal (March 9)

2016/ 03/ 09 by jd in Global News

Five years have passed since the nuclear meltdown, but “Fukushima still rattles Japan.” The nation must debate the controversial “reopening of reactors” that have largely been shuttered since the accident, even as “costly cleanup and decommissioning” are scheduled to continue for decades at Fukushima.

 

The Economist (November 28)

2015/ 11/ 29 by jd in Global News

We may be witnessing “the rise and fall of the unicorns” as unlisted technology companies begin to learn that valuations don’t always go up. “Technology companies are unlikely to experience a meltdown as severe as the housing crisis, but an industry that only yesterday was all promise and optimism is showing signs of cooling.”

 

Financial Times (August 11)

2015/ 08/ 13 by jd in Global News

Fears are growing of a meltdown in the aluminum market as Chinese output soars and, much like the oil market, supply outstrips demand. “China now accounts for more than half of global supply, up from 18 per cent in 2003 thanks to cheap power and the world’s most efficiently built smelters. Established producers from North America to Russia and the Middle East—facing the lowest prices since the financial crisis, reduced margins and profits—are anxious but do not want to cut capacity for fear of losing market share.”

 

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