Archive for February, 2011File not found. China: Beijing announced their real estate prices curbing measures
Beijing announced its own set of measures aiming to curb home prices after the central government announced the 8 measures.United States: Retail Sales grew 0.3%, Empire State Manufacturing Survey
Retail Sales growth was less than expected, and the Empire State Manufacturing Survey points to continued improvement in manufacturing but increase in costs.United Kingdom: Inflation hits 4%
CPI Inflation reached 4% in January 2011. Although the BoE is still holding up, we shall expect unwelcome interest rates hike sooner rather than later.China: Monetary Statistics for January 2011
People’s Bank of China’s latest data point to slower money supply and loan growths compared to last year, but they were not slow enough.China: A Few words on CPI Reweighting
There is indeed a re-weighting of the consumer price index in China, but there is no reason why it makes inflation slower than expected.China: Inflation rebounded to 4.9%, but slower than expected
Headline inflation was 4.9%, lower than expected. Food prices are still the biggest concern. As the weather is not helping, there is no reason why you can be very cheerful of the number today.Funny: Gambling is an Investment Or Inflation Hedge?
A gambler wants to invest his money into a casino table because bank’s deposit rate is less than the rate of inflation.US-China Trade: The True Picture
Trade Surplus continued to decline for the 3rd month. But it is still far from clear if this means a genuine shift in the structure China Economy.The Week of CPI: China, United Kingdom and United States
China, the United States and the United Kingdom will all release their CPIs this week. Keep a close eye on it.
Politics & Society. 12 February, 2011, 0:23Egypt Update: Hosni Mubarak finally steps down
Hosni Mubarak has finally stepped down after his speech yesterday failed to satisfy protestors’ demand.United States: University of Michigan Consumer Sentiment Improves slightly
Reuters/University of Michigan Consumer Sentiment improved slightly in the preliminary reading for Feburary.China Real Estate: New Curbing Measures to be implemented in Beijing
Rumour: Beijing is coming up with an even tougher set of rules to curb home prices, and they will be announced over the weekend.
Economy. 11 February, 2011, 11:56Quick Update: Vietnam devalues its currency
The State Bank of Vietnam, the Centarl Bank, devalued its currency by 8.5% in hope to narrow trade deficit.United States: Why the US Economy is Screwed
Is the US economy screwed? These figures provide some worrying sign of the economy, even though other figures are suggesting the otherwise.United States: Why the US Economy is on a Right Track
Is the US economy on its right track? These figures suggest that the economic recovery is on track, which is something to be cheerful about.
Politics & Society. 11 February, 2011, 0:44Quick Egypt Update: Hosni Mubarak is reported to be stepping down
Hosni Mubarak is reported to be stepping down within today. He will be addressing the country within hours via State TV.United Kingdom: Bank of England MPC Keeps Interest Rate and Quantitative Easing Unchanged
The Bank of England maintains Bank Rate at 0.5%, and the size of asset purchase programme at £200 billion.Wikileaks’ answer to why Super-Cycle is not possible
A former executive in a Saudi Arabian Oil Company actually admitted that oil production can’t be increased. So how can we be optimistic about global growth?China Economy: A Few Words on Inflation
FAO issued an unusual warning on winter drought in China, which will impact the supply of wheat for the top producer.Great Monetary Policy Experiment: Turkey
Perhaps it is still too early to claim success for Turkey’s experiment on unorthodox monetary policy.