Archive for July, 2011File not found. Who Owns US Treasury Securities?
The US government debts are hardly mainly held by foreign creditors. In fact, they are largely held by US institutions.Hong Kong: Monetary Statistics For June 2011
Money supply was down in June in all measures compared to May, and deposits fell compared to the previous month as well.Japanese Yen And Its Implication For US Dollar
Before shouting everywhere that the US dollar will go down the drain, please explain why Japanese Yen has not gone down the drain.China’s High-Speed Rail, Collapsing Bridges, And Investment Boom
It is hard to tell if the “accident” of high-speed rail (and collapsing bridges) are convincing enough for the government to ditch the investment-led growth mode.Republicans: Stop Saying No To Everything And Get Things Done
The absolute inability for republicans to make even a small compromise is putting the entire world at risk. Shame on republicans.United States: S&P/Case-Shiller Indices Show Home Prices Increase
The housing market is stabilising in the US as the S&P/Case-Shiller indices show, but it may be all down to seasonality effect.United Kingdom: GDP Grew By 0.2% In Q2
The UK economy grew by 0.2% in real term in the second quarter, in-line with estimate, but hardly a decent number. Year-on-year, the growth was 0.7%.US Debts Ceiling Talks Update: Two Rival Plans
Whichever plans (Boehner vs. Reid) to come out on top at last, there is still no signs of agreement among the clowns in Washington DC on the debt ceiling.3 Ways Around The Debt Ceiling
If you ignore the political viability for the time being, there are 3 possible ways around the debt ceiling, including a radical one.Debt Ceiling And First World War
Markets ignored the threat of a full-blown war almost until the eve of the outbreak of WWI. Markets are shrugging off the debt ceiling nonsense now.China Real Estate: Unsold Inventories Continue To Rise
Unsold real estate inventories across various cities in China have been rising steadily since early this year, which will eventually put pressure on prices.US Debt Ceiling Talks Update: Brace For The Inevitable Evitable
With politicians in Washington DC, a.k.a. clowns, still unable to get their acts together, something which could have been evitable now looks more inevitable.US Debt Ceiling Talks Update: When Asian Markets Open…
Politicians in Washington DC are struggling to come up with some sort of “deal” on raising the debt ceiling before Asian markets open in a few hours.The Economics Of China’s High-Speed Rail
No project can ever be blocked with a 4% required rate of return.China’s High Speed Rail Trains Crash, Six Cars Fell Off The Bridge
Two high-speed rail trains in China crashed, and a total of six cars have fallen of the bridge. 16 have died, and 89 hospitalised.Boom And Bust: Mega-Bears In Perspective
Bear market does not begin without unprecedented period of prosperity where everything perpetuate higher.Chart: Mega-Bear Markets Update
A little reminder of how the Shanghai market has been doing, compared with NIKKEI 225. Surely no one believed in 1992 that NIKKEI is in a 20-year bear market.China’s High-Speed Rail Story Going Bust?
The Ministry of Railways failed to raise enough money in the bond market in its 7th bond sales in the year.Hong Kong: Inflation Further Accelerates To 5.6% In June
Inflation in Hong Kong hit new high in June, reaching 5.6% yoy vs. 5.2% in May, driven by tobacco, food, housing and others.Greek Tragedy: Selective Default On The Table
After more than a year of useless bailout and discussion which wasted everyone’s time, a selective default is finally on the table for Greece.