
All eight of the major international stock indexes were down last week with an average loss of -6.57 percent, according to Doug Short, despite Friday’s -531 point plunge in the Dow Jones Industrial Average, driven by fears of an economic collapse in China.
by Chriss W. Street23 Aug 2015, 8:28 PM PST0

China’s official foreign capital flight was $300 billion for the year ending June 2015, and it could reach $1 trillion–assuming the People’s Bank of China is even providing reliable numbers.
by Chriss W. Street14 Aug 2015, 6:58 AM PST0

The People’s Bank of China has devalued the yuan 2.9 percent since Monday–the biggest plunge in the currency’s value since the mid-1990s. China’s currency devaluation is a classic predatory trade war action to save up to 60 million Chinese factory jobs at the expense of millions of American and European workers.
by Chriss W. Street12 Aug 2015, 12:40 PM PST0