Archive for June, 2011File not found. Why Am I (Controversially) Confident In The US Dollar?
Long US dollar is among the most contentious ideas around, so I am (controversially) positive on US dollar as long as the debt ceiling can be lifted.Moody’s Threatens To Warn About Cutting US Debt Rating
Moody’s threatened to downgrade the US rating if the debt ceiling talks fail, while demanding credible plan of deficit reduction to keep a stable outlook.Jean-Claude Trichet Proposes Common European Ministry Of Finance
Jean-Claude Trichet floated the idea of a common European ministry of finance for greater financial integration, which may only work on paper.There Is More Debt In China Than We Can Possibly Know
In China, there is always more debt than you think there is.China: Real Estate Prices Rose By 0.53% In May
Real estate prices in China are staying at stubbornly high level in May, rising 0.53% compared with the previous month according to CREIS.Greek Tragedy: Downgraded Again, And The Prime Minister Accused Of Treason
Greece is being downgraded by Moody’s, while one MP accused the PM and others of treason, highlighting the risks of political turmoil in the peripheral.The Trillion Dollar Question: China’s Local Government Debts Mystery Revealed
Latest analysis suggests that the total debts of local government amount to RMB 14.4 trillion. That implies a public sector debt of 74% of GDP.United States: Brace For The Slowdown
ISM manufacturing PMI confirms a slowdown in manufacturing sector, and employment figure disappoints. Brace for a period of slowdown again.Drought In China: When Nature Bites Back
If drought in China is the side-effect of building the Three Gorges Dam, then the drought might be less of a transitory phenomenon.Residential Properties Market Yields Revisited
Yields are hovering around historically lowest levels. That means, alternatively, price-to-rent would be at historically highest levelsCanada Real Estate Prices Driven Up By Chinese Buyers
We see yet another report suggesting that Vancouver Real Estate is driven up by Chinese buyers, making it less affordable for the locals.China: May PMI Confirms A Mild Slowdown
The official PMI dropped from 52.9 to 52. Input prices subindex dropped significantly. This confirms slowdown in the manufacturing sector in China.China Real Estate As An Indicator For Global Economic Health
The health of Chinese real estate sector is now probably an indicator of the health of the global economy.China Economy: Clean-up Of Local Government’s Debts
China is moving to deal with the 10+ trillion Yuan of local government debts by setting up new companies to hold loans and force banks to write off.