Archive for May, 2011
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Real Estate, World. 31 May, 2011, 21:30
United States: S&P/Case-Shiller Indices Confirm Housing Double Dip
The latest S&{/Case-Shiller indices confirm the double-dip in the US housing market. The March figures drop 3.6% compare to a year ago, poorer than consensus estimates.
Economy, United States. 31 May, 2011, 19:23
Paul Volcker: The Fed Will Soon Have To Tighten Monetary Policy
While Ben Bernanke thinks that inflation is transitory, Paul Volcker thinks monetary policy of the US will be tightened soon as inflation accelerated.
Eurozone Inflation Eased To 2.7% In May
Inflation in the eurozone unexpectedly eased from an annual rate of 2.8% to 2.7% in May according to Eurostats flash estimate.
Hong Kong: Monetary Statistics For April 2011
Money supply in Hong Kong increased on a month-on-month basis, while the growth continues to slow on a year-on-year basis.
China’s Inflation Dilemma
Drought in China will probably increase inflationary pressure, which is not very fortunate because the economy is already slowing.
Global Economy: Stalling Recovery
More signs around the world are showing that the global economy is slowing down, although it is still too early to say if a recession is about to hit again.
China, Real Estate. 27 May, 2011, 2:57
The Anecdotes Of The Chinese Real Estate Bubble
To take a lighter look at the real estate bubble, here are some of the anecdotes of people flipping over properties in China.
China, Real Estate. 26 May, 2011, 19:40
Richard Koo: Fiscal Stimulus Will Help To Sustain Growth After China Real Estate Bubble Burst
Richard Koo reiterate his pessimistic call on the Chinese real estate sector. His policy prescription is to deploy massive fiscal stimulus after the burst.
Markets, Rates and Bonds. 25 May, 2011, 16:09
Short-Term Shanghai Interbank Offered Rate Rose Again
The short end of Shanghai Interbank Offered Rates surged recently. Now it is more costly to borrow for 2 weeks than 1 month in the interbank market.
China, Real Estate. 25 May, 2011, 14:54
China Real Estate: 100,000 Apartments Waiting To Be Sold In Beijing
The inventories overhang in Beijing real estate market means that sooner or later, the financially stretched property developers will have to cut prices and cash in.
China Economy: On The (Un)Sustainable Level Of Debts
There are a lot of debts in China, and there are a lot of hidden debts that we did not already know. The debt level is sustainable, until it is unsustainable.
So Now You Want To Play China?
So you want to play China? These talking animals are discussing “this time is different” and why “this time is not different” in China.
China, Real Estate. 24 May, 2011, 15:00
China Real Estate: Shares Prices Performances For The Sector Since 2009
Here are the losers and winners of the Chinese real estate sector stocks listed in Hong Kong. Overall, the sector has been doing quite badly.
Europe Update: Crisis Deepens In The Peripherals
A few updates on the Euro crisis, as well as some interest views from economic historian Niall Ferguson.
Hong Kong: Inflation rose to 4.6% In April
Inflation acclerated from the revised rate of 4.4% in March to 4.6% in April. Inflation should remain high before easing toward the end of the year.
China Power Shortage And The Economy
China is probably facing the most serious power shortage since 2004. It is now fair to say that companies are now being squeezed on three fronts.
China: What Will The Government Do After It Crashes Its Economy?
The Chinese government will probably do some of these things to stimulate the economy if it crashes (God forbid). All of them have their problems.
China, Real Estate. 23 May, 2011, 4:11
Richard Koo On China: There Will Be Blood
Richard Koo thinks that China’s curb of home prices is for real, and we may see some blood in the Chinese property sector.
Hong Kong, Real Estate. 22 May, 2011, 17:16
Debts, “This Time Is Different”, and Inflation
Random thoughts on debts, “this time is different” syndrome, and inflation and real interest rates.
Hong Kong, Real Estate. 21 May, 2011, 21:14
Paul Louie Thinks Property Prices are “Sustainable”
Paul Louie, Property Research of Nomura, thinks that the property prices in Hong Kong are sustainable because of negative real rates and Chinese buyers.