Archive for December, 2010
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Politics & Society. 20 December, 2010, 10:17
Prelude to Second Korean War?
South Korea insists on the drill while the North Korea threatened retaliation. No one knows what’s going to happen, but it is a good idea to be psychologically prepared.
Economy, United States. 19 December, 2010, 22:18
What if US economy really recovered and inflation returned?
Although it is common to assume that the Fed will not raise interest rate any time soon, the most consequential events have been the most unexpected.
China, Real Estate. 18 December, 2010, 22:24
China Real Estate: When non-real estate guy invests in real estate
When a gymast-turned entrepreneur invests in a real estate project, it is telling me something.
What is Gordon Brown talking about?
Gordon Brown might not be as bad a thinker as a British Prime Minister, but his plan just does not sound right. It was just too simplistic and optimistic.
Economy, United States. 17 December, 2010, 15:43
US Economy: Tax Cuts deal passed
Bush Tax Cuts extension was just passed. Although recent rise in bond yield looks less than harmful, we have no reason to believe that they will be so.
Turkey cuts interest rate to slow the economy?
The Central Bank of Turkey yesterday cut interest rate to “slow economy”. Actually, what they are facing is not very much different from China.
Economy. 17 December, 2010, 9:16
If you are Jean-Claude Trichet or Ben Bernanke
If you think either Jean-Claude Trichet or Ben Bernanke is an idiot, perhaps you would like to prove yourself you are not one.
China Economy: Chinese are fed up with inflation and home prices, and want to buy homes
To protect themselves from rising home prices and prices in general, Chinese people want to buy homes.
Economy. 15 December, 2010, 15:03
Japan Economy: Tax Cuts and Business Confidence
Japan’s business sentiment worsened. Perhaps the confidence-boosting tax cut will help in some way, it will hurt in other ways.
I know it’s year-end, but…
Spain yields have gone up, and Belgium’s outlook got cut. Although the markets seem to have shrugged them off, it is better not to forget them.
Hong Kong Economy: The Economy of Absent-mindedness
Absent-mindedness has helped building the city, but it is also the root of today’s problem, and absent-mindedness may not help to solve these.
China Economy: Further evidence that the government doesn’t know what it wants
The report on loan growth target and money growth target is just yet another demonstration that the Chinese government does not know what it wants.
Quantitative Easing succeeded in some limited sense
Quantitative Easing seems to be successful in making new bubbles to substitute the old ones. But Austrian Economists would say that bubbles lead to new disasters.
Are Japan Markets headed to a great bull market?
If inflation returned for Japan, perhaps equities would start soaring. The problems are that government will find it difficult to find buyers for its debt, and JPY may weaken.
Economy and Stocks Investment: when equities outperformed the mediocre economy
Despite wide-spread optimism, China equities underperformed in 2010. So underperformed that they did even worse the S&P 500, which their country is struggling to work out how to recover.
China Economy: Inflation continues to accelerate
CPI and PPI both exceeded expectations. More tightening will be expected, and will make the underperforming Hong Kong/China markets even feel more cautious
China Economy: Export numbers and RRR hike all in one day
China trade surplus shrinks, which is a good thing for China. Futher tightening has been done, and is absolutely necessary, in my view.
Hong Kong, Real Estate. 10 December, 2010, 18:28
Hong Kong Property: 1881 Heritage – not quite a shopping centre
My Hong Kong Real Estate tour also visited this weird place: 1881 Heritage. It is a beautiful historical building, but the conversion to a shopping centre is proved to be a failure.
Hong Kong, Real Estate. 10 December, 2010, 12:56
Hong Kong Property: Chit-chat with Real Estate Agent
My chat with a real estate broker revealed some nuances of the latest dynamics in the Hong Kong Property Market.
World Economy: The case of failed decoupling
Researchers at the IMF quantified the impact of China economic growth on the rest of the world. This strengthen the case that if China slows, the rest of the world will suffer.