Archive for June, 2011File not found. ECRI Now Predicts Sustained Slowdown In The United States
The ECRI is now looking for a more sustained slowdown in the United States, but not quite a recession yet, for now.Europe: European Central Bank Keeps Interest Rate Unchanged At 1.25%
The European Central Bank maintains interest rate unchanged at 1.25%. Jean-Claude Trichet may signal rate hike in July.United Kingdom: Bank of England MPC Keeps Interest Rate and Quantitative Easing Unchanged
The Bank of England keeps interest rate and quantitative easing unchanged in the latest meeting.Hong Kong Property: Upside and Downside Surprises in Land Auction
Cheung Kong spend HK$12 billion and bought two pieces of land. One was a bargain, another was insignificant.China Real Estate Boom Is Finished? Now What?
The Chinese real estate market is probably getting close to the top. The outcome of the burst of bubble might be very surprising.Celebrating The End Of QE2? Not Too Soon
The end of quantitative easing may help the inflation situation in China somewhat, but stronger USD may be a problem for China too.Is China The “New Dot-Com Bubble”? Martin Wheatley Thinks So
The outgoing head of Hong Kong Securities and futures commission thinks that China is probably a “new dot-com” bubble.China’s Banking Regulator Moves To Ease Credit To Small Businesses
The China Banking Regulatory Commission moves to ease the credit situation for the small- and medium-sized businesses in China.First Ever Case Of Failed IPO In China A Shares
The failure of the Initial Public Offering of Baling Technology is the first ever case in the China A shares market.QE3 Or Not QE3, That’s Not The Question
QE3 or not QE3, this is not the question, because it will not work, and the slowdown might be transitory only.Greek Tragedy: Austerity And Default
A Greece default looks inevitable, yet everyone is still trying to stop that from happening because the outcome would be unpalatable.China’s Economy: Tightening Or No Tightening?
The Chinese leadership and the People’s Bank of China probably have very little idea on what they really should be doing.Beijing Real Estate Transaction Drops During Long Weekend
Beijing market continued to cool during the long weekend. Transaction volume declined compared to other long weekends earlier this year.China Isn’t Bothered By The Debt Ceiling Thing, But Urges Deficit Reduction
Beijing urges deficit reduction in the United States, though if China’s economy crashes, The Chinese will most probably overspend too.Stock Markets Mega-Bears? Look At Shanghai
For the sake of comparison, here are the nominal stock markets performances of post-1929 US, post-1989 Japan, and post-2007 China.A Question For Congressman Ron Paul
Ron Paul thinks that the government is defaulting through inflation all the time. Here’s a question for him from an ignorant outsider.Greek Tragedy: Euro As Something Like A Gold Standard
To the peripheral European countries, the Euro is just like gold standard. Worse still, internal devaluation of any level probably won’t help.China’s Drought: A Game Changer?
Some people now believe that the drought in China can be a game changer for the China story.Hugh Hendry: 10 Years Are Enough To Create A Cult In Capital Markets
Scottish hedge fund manger Hugh Hendry compared a cult in capital markets to religion.United States: May 2011 Employment Report Shows Weak Labour Market
The May 2011 Job Report is a big disappointment. Unemployment rose to 9.1%, and non-farm payrolls were disappointing.