Archive for March, 2011File not found. Hong Kong: Monetary Statistics For February 2011
Both M1 and M2 dropped slightly. HKD deposits also dropped, but Renminbi deposits rose strongly. Thiese do not bode well for Hong Kong property market.Hong Kong Property: Is Li Ka-Shing Really That Bullish?
Although Li Ka-Shing sounded quite bullish to the press, he might actually be less bullish than he appears to be.Charting Inflation: Still Rising
Just a few charts of inflation of various countries. The general picture is this: inflation is rising for most parts.Hong Kong Property: The Impact Of China’s Tightening
The impact of China’s monetary tightening on Hong Kong is now more visible. The last time when China’s tightening had negative impact on Hong Kong was in 1994.Hong Kong Property: Bull Case Scenario Reached
Home prices have risen to a level within my bull-case scenario forecast. I expect home prices to hover around 100 for some time before any meaningful correction.China: The Forgotten Real Estate Bubble Of The 1990s
Here is a little reminder: the People’s Republic of China has seen its first real estate bubble in early 1990s.United Kingdom: Bank of England Minutes For March 2011 Meeting
The views among the Bank of England’s policy makers have remained largely unchanged since the previous meeting.Hong Kong: Inflation rose to 3.7%
Inflation in Hong Kong continued to accelerate. Expect that to accelerate further still in the near term as John Tsang give HK$6,000 to everyone to spend.United Kingdom: CPI Inflation At 4.4%, RPI Inflation At 5.5%
Inflation in the United Kingdom accelerated in February, giving more pressure for the Bank of England to raise interest rate.China Real Estate: Ghost Cities (Again)
Adrian Brown investigated the China’s real estate bubble on the ground, including Daya Bay, which is known for its nuclear power plant.Whenever People’s Bank of China Do Something…
Both 6-month and 1-year SHIBOR have been rising, although the shorter end of the curve seemed much more erratic.Hong Kong Property: Actually, It’s More Expensive Now Than 1997
In addition to being older now, land leases for all real estates in Hong Kong have 13 years less in their remaining leases’ terms.
Politics & Society. 19 March, 2011, 22:54Libya Update: Military Intervention Will Start
UK, French and Canadian troops strike Libya as Gaddafi’s regime continued to attack rebels despite earlier claim of a ceasefire.People’s Bank of China Raised Reserve Requirement Ratio (To Stop Speculation in Salt?)
The People’s Bank of China raised reserve requirement ratio by 50 basis points. A surprising move as most expected PBOC to pause for a while amid Japan’s crisis.China: Home Prices in February 2011
Home Prices in China were still largely rising in February, but the increase has been moderated. More cities are recording drops in prices compared with January.Hong Kong Property: 5 Reasons Why Home Prices Will Drop
Following up my “beginning of the end” call, here are 5 reasons why I am turning bearish on Hong Kong Property Market.United States: CPI rose 0.5%, Core rose 0.2%
Headline inflation rose to 0.5%, higher than expectation, and core inflation rose to 0.2% vs. 0.1% consensus.
Economy. 17 March, 2011, 20:17Japan’s Role In Asian Financial Crisis 1997
The often-neglected role of Japan in 1997 Asian Financial Crisis should give us a glimpse of the potential negative impact of funds withdrawal from Asian economies back to Japan.United States: Economy On A “Firmer Footing”, Or Is It?
Monetary policy is largely unchanged despite more positive wordings. No words on the new risks from Japan.Hong Kong Property: The Beginning Of The End
The peak of property market may finally be in sight.