The Chinese Central Bank (PBOC) has responded to calls they should Tighten Monetary Policy Following Warnings on Debt and the World Bank warned on the size of Shadow Banking Of Chinese Debt by drafted new regulations for financial institutions.
What is next for Saudi Arabia after the Great Purge of 2017. Was it truly a clean up of abusive corruption? What does it mean globally? The Kingdom’s wealthiest are talking to asset managers and banks and Bitcoin has surged. Coincidence?
Goldman Sachs $GS is partnering with the Chinese Sovereign Wealth Fund China Investment Corporation (CIC ) to invest $5 billion in American manufacturing WSJ is reporting via sources.
The Swiss National Bank Released it’s Foreign Exchange Reserves and Swiss Franc Bond Investments (end of Q3 2017) and filed its U.S. stock holdings with the SEC. 40% of it’s investments are in the euro with 35% in the U.S. Dollar. 68% in Bonds and 20% in stocks.
The Swiss National Bank (SNB) has been stealthly investing internationally with it’s foreign currency holdings at the end of September worth SFr760bn. A fifth of the foreign currencies are invested in equities throughout Europe, the US and emerging economies. $88 billion in U.S. stocks alone.
The Group of 20 Economies (G20) financial regulator, the Financial Stability Board (FSB) warned about replacing humans with artificial Intelligence (AI) and Machine Learning. In a world of Ponzi, Fiat and shadow banking we have a new layer upon us.
Chinese foreign debt has soared after contracting in 2015 and 2106 we have seen a third consecutive quarterly increase by Q2 2017 in lending to China the BIS reports. The annual growth rate is now a brisk 25% The banking systems with the largest claims are United Kingdom, United States, Japan, Chinese Taipei and France.
The first half of the year saw a rush of cross border credit to China while cross border credit to advanced economies and most emerging markets fell, the largest falls were to borrowers in Chinese Taipei (Taiwan), Brazil and Poland the Bank of International Settlements (BIS) said.
Spain’s central government in Madrid on Saturday put forward plans to trigger Article 155 for direct rule in the Catalan region in North Eastern Spain. The independance referendum was immediately dismissed by MAdrid nearly 3 week’s ago.
The Federal Reserve released it’s Biege Book Wednesday with the focus on wages and labor markets. The labor market continues to confound the bankers as despite a tight labor market restraining growth wage pressure remains modest.