Reuters Jim Chanos, the founder of short-biased hedge fund Kynikos Associates, has been questioning China’s growth numbers since 2010. Now — with a recent currency devaluation, flailing stock market indices, debt at 280% of gross domestic product, and manufacturing data flashing 2009 numbers — it looks like his China call was a prescient one. But the […]

YouTube Li Yifei, Man Group Chinese authorities have taken Li Yifei, the head of hedge fund Man Group’s China division, into custody, Bloomberg reports.  She is not under criminal investigation, and officials just want her to help them with a police probe into market manipulators, according to the report.  Comforting. China’s stock market indices have […]

REUTERS/Arnd Wiegmann Dawn Harper-Nelson (C) of the U.S. celebrates winning the women’s 100m hurdles event of the Weltklasse Diamond League meeting at the Letzigrund stadium in Zurich August 28, 2014. There was an insane amount of volatility in the markets last week. The Dow lost more than 500 points on Monday, closing at 15,871.35, while the S&P 500 […]

Reuters Hedge fund manager Jim Chanos has the best explanation for why a Democrat should win the 2016 presidential election. In short, he said in an interview with Roben Farzad of NPR’s Full Disclosure: Everything’s great in the US right now.  Chanos is a friend of Vice President Joe Biden who has been floated as a […]

Taylor Swift / YouTube Taylor Swift has a new video! Good morning! Here’s what’s going on. 1. China has given up its large-scale stock buying programme. It didn’t work. 2. It’s a bank holiday in the UK. Financial markets are closed for the official end of summer, and most people have the day off. It’s […]