China Faces Its Minsky Moment

China Faces Its Minsky Moment

by Ambrose Evans-Pritchard November 8, 2017 China’s central bank has warned in the clearest language to date that extreme credit creation and trouble in the shadow banking system could lead to a full-blown financial crisis. Zhou Xiaochuan, the governor of the People’s...
Saudi Arabia, at War With Itself

Saudi Arabia, at War With Itself

by Kamran Bokhari November 8, 2017 Forget Yemen, Syria and Lebanon, just a few of the countries in which Saudi Arabia is fighting a proxy war with Iran, its long-time enemy. The Saudi royal family now appears to be at war with itself. Regardless of who wins, the...