Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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LATEST CURRENCY WAR SALVO: Obama to China: "Enough's enough" - Behave like grown up economy

LATEST CURRENCY WAR SALVO: Obama to China: "Enough's enough" - Behave like grown up economy | Countdown to Financial Armageddon | Scoop.it

HONOLULU (Reuters) - President Barack Obama served notice on Sunday that the United States was fed up with China's trade and currency practices as he turned up the heat on America's biggest economic rival.

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War! US Senate Passes China Yuan Bill

War! US Senate Passes China Yuan Bill | Countdown to Financial Armageddon | Scoop.it

The US Senate votes through a bill which aims to punish China for keeping its currency artificially undervalued.

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Pow! China Signals Weaker Currency After U.S. Senate Vote

Pow! China Signals Weaker Currency After U.S. Senate Vote | Countdown to Financial Armageddon | Scoop.it

For the second consecutive day after a U.S. Senate vote aimed at penalizing China for undervaluing its currency, Beijing lowered the range at which the yuan could trade against the dollar.

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Sino Contagion? S.M.E. credit crisis 'could sweep China'

Sino Contagion? S.M.E. credit crisis 'could sweep China' | Countdown to Financial Armageddon | Scoop.it

The failure of a number of small and medium-sized businesses in Wenzhou marks the beginning of a much larger wave of corporate bankruptcies across the rest of China, economists warn.

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