communist party

China’s Superplan; Or, The Familiar (Dollar) Disorder of Bumbling Failure

By Jeffrey P. Snider|2019-08-20T12:06:39-04:00August 20th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Always aspiring to technocratic greatness, China’s Communist Party is set up to run like clockwork. It’s supposed to go off in predestined fashion, a course programmed into the vast apparatus by highly proficient experts. It is, or is supposed to be, comforting that order and control over the complex main spheres of daily life can be managed down the detail [...]

Cracks In The Facade

There was a point last week - probably about midday Wednesday - when it seemed that the financial world was spinning out of control. China's Shanghai exchange was continuing its slow motion crash, down almost 6% overnight, Europe was getting hammered as Greece teetered, the NYSE suddenly stopped working, United/Continental Airlines was grounded due to computer glitches, the Wall Street [...]

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