Archive for February, 2011File not found. Hong Kong: Monetary Statistics For January 2011
Both M1 and M2 money supply rose slightly according to HKMA Monetary Statistics, which bodes well with property prices for the moment.China: Wen Jiabao Talks To Chinese netizens On The Economy
Chinese Premier Wen Jiabao took questions from the internet on various issues, including the economy.Oil Prices Up and China Slowing Down
High oil price does not bode well for the economy, and the situation now looks like 2008 in some ways.United States: Q4 GDP Growth Revised Down From 3.2% to 2.8%
The US Q4 GDP has been revised downward from groing at 3.2% to 2.8%.United Kingdom: Q4 GDP revised down, from bad to worse
UK Q4 GDP growth has been revised downward from contracting to contracting even more.
Politics & Society. 25 February, 2011, 2:51Hong Kong Budget 2011-12: Where Should The Surplus Really Be Going To?
It is right to be counter-cyclical. The problem is that the government have no idea how to spend the money on something they should be spending on.United Kingdom: Bank of England MPC Minutes
Three members of the MPC of the Bank of England voted for a rate hike vs two members last time.Hong Kong Economy: Q4 GDP rose 6.2%, 2010 GDP rose 6.8%
Hong Kong Economy expanded at 6.8% rate in 2010 in real term.
Politics & Society. 23 February, 2011, 15:20Hong Kong Budget 2011-12: Highlights and Analysis of Housing Policy
Inflation-fighting is the major task although HK government has no tools for it. Government has no credibility in managing home prices, but you should not be complacent about that.Hong Kong: Inflation rose to 3.6%
Just like many other countries, inflation has been on the rise in Hong Kong, and it hurts poorer families.United States: S&P/Case-Shiller Home Prices Index Continued to Drop
The latest S&P/Case-Shiller Home Prices Index confirm the acceleration of a housing double dip.
Politics & Society. 22 February, 2011, 20:07Libya Short Update: Nasty Crush Down
Protests in North Africa are spreading like virus, and Gaddafi is clinging to power with military crush down.Hong Kong Property: The Fallacy of Low Interest Rates
Be aware that interest rates in Hong Kong can rise even interest rates in the United States are still close to zero.Hong Kong Budget 2011: What Not To Expect As Far As Property Market Is Concerned
Hong Kong Government has very little credibility left in managing the property market.Breaking News: People’s Bank of China Raises Reserve Requirement Ratio
People’s Bank of China just raised the reserve requirement ratio, which will bring the required ratio to 19.5%.China: Home Prices in January 2011
The latest home prices index data from the National Bureau of Statistics still point to a general rise in home prices across China.Charting Inflation: After China, UK and US Announced Jan 2011 CPI
No doubt about that, after this week’s inflation data around the world, we have further evidence that inflation is on the rise.United States: CPI increased 1.6% YOY, 0.4% MOM
Inflation in the United States came in slightly higher than expected. So it seems that only Japan is left behind as far as inflation is concerned.Global Real Estate: Effectiveness of Government Intervention in General
I am not convinced that governments’ interventions in real estate markets produce desirable results, with very few exceptions I can think of.United Kingdom: Bank of England forecasts 4-5% inflation; Unemployment rose to 7.9%
The Bank of England now forecasts a higher inflation and becoming less certain on economic growth.