For the first time since June 2015, Alibaba is now bigger (in market cap) than Amazon.com...

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As Bloomberg notes, after 831 days, Alibaba Group Holding Ltd. has regained the title of the world’s biggest e-commerce company. The Chinese retailer surpassed Amazon.com Inc. Tuesday as the U.S. retail giant’s stock continued to stall after second-quarter earnings missed estimates and the merchant forecast a possible operating loss for the third quarter. Alibaba -- whose stock is up over 109 percent this year -- held the top spot for the first 9 and a half months after its initial public offering in 2014.

In fact, since June 7th's spike after management raised its full-year revenue guidance at the company’s annual investor day, AMZN has lost almost $8bn in market cap as BABA has added a stunning $155 billion.

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Why is AMZN falling? Simple - global central bank balance sheets are shrinking...

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