Archive for 2011
File not found. Some Guesses On China’s Monetary Policy
Further monetary easing will be possible, but that’s probably more as a measure to offset the tightening bias of capital outflow and/or shrinking trade surplus.
China Inflation falls further to 4.2% in November
Inflation in China continues to moderate in November, as the headline CPI inflation falls by 42.% yoy.
China Manufacturing PMI Dips Below 50 For November
China’s manufacturing PMI points to contraction of manufacturing activity. The only good news is that inflation pressure has disappeared.
China, Real Estate. 1 December, 2011, 2:43
Chart: More Chinese cities reporting falling home prices
Here is a handy chart showing the rapidly deteriorating condition in Chinese real estate market in various cities.
Central Bankers United!
Central banks of Canada, UK, Japan, Europe, Switzerland and the Fed will be cutting the rates on dollar swap lines by 50 basis points.
Albert Edwards: BRIC = Bloody Ridiculous Investment Concept
Albert Edwards of Société Générale thinks that BRIC is a Bloody Ridiculous Investment Concept…
Hong Kong Monetary Statistics For October 2011
All 3 measures of Hong Kong dollar money supply fell on a year-on-year basis for October 2011.
People’s Bank of China Cuts Reserve Requirement Ratio by 50bps
People’s Bank of China cut reserve requirement ratio by 50 basis points.
China, Real Estate. 17 November, 2011, 23:09
A cool breeze from the Chinese real estate market
Manufacturers of construction equipment are feeling somewhat gloomy, while regulators are worried about the banks.
European Debt Crisis: Spain’s Ugly Bond Auction
Spain has just sold €3.56 billion 10-year bonds at an average yield of 6.975%, while French-German spread hits 200 basis points.
Willem Buiter: Time is running out for Europe
Willem Buiter, chief economist of Citi, thinks time is running out for Europe. If Spain or Italy default, that could be a financial catastrophe.
PBOC broadened the definition of M2 money supply
The PBOC broadened the definition of M2 money supply by including two more categories of deposits.
BofA ML Global Fund Manager Survey: 16% thinks China will have hard landing
While a crash in Chinese real estate market is ranked as second biggest tail risk, only 16% think that the Chinese economy will face a hard landing.
European debt and banking crisis, and the existential crisis of Euro
The sovereign debt crisis will hurt banks as banks are exposed to sovereign, and the crisis reveals flaws of a monetary union without political union.
Chinese consumer: is it slowing down?
Chinese consumers might be tightening their purses, said a jewellery retailer in Hong Kong and JPMorgan.
China, Financials. 15 November, 2011, 0:11
Bank Of America Is Selling CCB AGAIN
Bank of America is selling yet another 4% stake in China Construction Bank. After the sales, BofA will only have 1% stake left.
Warren Buffett: Flaw Of Eurozone And Building A Tomb For Him
Warren Buffett thinks Euro has a fundamental flaw in which sovereigns can’t print money, while building a huge tomb for him can create jobs.
Life & Arts, Travel. 14 November, 2011, 22:14
Timelapse Video Of Hong Kong
A great timelapse video of Hong Kong, a beautiful city (although not necessarily the best place to live in on earth) by Asa Li. [ Homeland ] – with my DIY motion-dolly from Asa Li on Vimeo.
Bundesbank’s Jens Weidmann On The Role Of The ECB
The FT makes a brilliant point that the German Bundesbank will “stick by principles until the whole house burns down”.
Euro Crisis: Where Is The ECB? EFSF Buying Its Own Bond?
Bundesbank’s president reiterates that ECB cannot be the lender of last resort for governments, while EFSF is rumoured to be buying its own bond.