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Chinese Media Stunner: China Will Be The Next Country To Cut Rates To Zero by Tyler Durden Sun, 11/24/2019 - 22:41 One week ago, we showed in one chart why the global economic recovery that so many expect is just a few months away, won't happen: as the chart below shows, China's credit intensity since 1994 has exploded. This means that before the Global Financial Crisis, China needed on average one unit of credit to create one unit of GDP. Since 2008, 2½ units of credit are required to create one unit of GDP. In other words, that China needs much more credit than 10 years ago to have the exact same amount of GDP. Injecting more credit in the economy is not the miracle solution it used to be, and the disadvantages of credit push tend to surpass the advantages. 一週間前にZeroHedgeは一枚のチャートを示した、数か月前に多くの人が世界経済回復を期待したが、そうはならないだろうというものだ：そのチャートが下に示すものだ、１９９...

China Today Is Like Japan In 1989 by Tyler Durden Sun, 11/24/2019 - 19:05 0 Authored by Mike Shedlock via MishTalk, China is slowly and surely going down the path of Japan. It is aging rapidly as bad bank debts pile up. 中国は、ゆっくりとしかし確実に日本のたどった後を追いかけている。急速な高齢化と同時に不良債権が積み上がっている。 ‘Japanification’ Stalks the US, Europe, and China 米国、欧州、そして中国も「日本化」が進む The Financial Times comments  ‘Japanification’ stalks the US and Europe フィナンシャル体目薄は米欧の「日本化」が進むとコメントする。 The FT did not include China in its discussion. この議論の時FTは中国に言及しなかった。 Let's take a look down that path. では中国の今後たどる道を見てみよう。 Japanification of China Well Underway すでに中国は十分に日本化の道筋をたどっている A  Fascinating Conversation With Renowned Short Seller Jim Chanos  on Hedgeye TV got me thinking more about China. 空売りで有名なJim Chanosと Hedgeya TVで興味深い対談をする機会があった、中国に関してだ。 I made 15 ...

最後の２段落だけ訳をいれました。 Gold Mid-Tiers’ Q3’19 Fundamentals Adam Hamilton     November 22, 2019     4115 Words The mid-tier gold miners just reported their results for a phenomenal gold quarter.  In Q3’19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices.  That should’ve led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential.  Last quarter’s results are the most important this sector has seen in a long time, a key fundamental test for gold miners. Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports.  Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders.  They dispel all the sentiment distortions inevitably surrounding prevaili...

Absurdity Spewed From Market Peaks: "Investors Should Check Their Brains At The Door" by Tyler Durden Wed, 11/20/2019 - 10:25 Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, A recent article by James Deporre at  thestreet.com  asked  Will Powell’s Remarks Push the Algos to Make a Move? 最近のthestreet.comでのJames Deporreの記事ではこう問いかける、Powellの発言がアルゴリズム取引で市場を動かすか？ Deporre’s article is a recap of a day’s market events beginning with Jerome Powell’s recent testimony to Congress. He suggests that what matters are not Powell’s words, but whether computerized trading programs, known as “algos,” would buy stocks as a result of Powell’s testimony. Summarizing what ended up being an uneventful day of trading a...