Archive for July, 2011
File not found. China: Monetary Statistics For June 2011
Money supply and loan growth are slightly above market expectation in June, but the normalisation of monetary policy continues.
Economy, United States. 12 July, 2011, 2:41
What Will Happen If Debt Ceiling Is Not Raised And The US Defaults
As the deiling ceiling and budget talks seem to be falling apart, it is wise to ask what will happen. Unfortunately, probably no one has any idea.
More On Debts In China, And Why You Should Ignore Dagong Rating Agency
After all these investigations, the local government debts problem is still a mystery, while a rating agency in total denial is not to be trusted.
La forza del destino: Chinese Rating Agency Puts Italy On Watch
Italian banks shares sell-offs continueon Monday with sell-offs in everything Italian. Meanwhile, Chinese rating agency put Italy on negative watch.
Reconciling The Consumer Story And Low Share Of Consumption In GDP?
WIth the rebalancing towards consumption driven economy is only happening at a snail pace, the consumer story is just curious.
Inflation Is Still The Top Priority, Say Wen And Zhou
Despite some earlier claims which led people to believe that tightening is over, top policy makers are back in hawkish mood.
La forza del destino: It’s Italy’s turn
After the sell-off of Italian shares last week, European Council will hold emergency meeting to discuss the contagion of European debt crisis.
China: Trade Surplus Of June Widens More Than Expected
Trade surplus surged 71% in June to US$22.3 billion, mainly driven by decrease in imports. Both imports and exports are slowing in June.
China: Inflation Further Accelerated To 6.4% In June
Consumer Price Index (CPI) of China rose 6.4% on an year-on-year basis in June, another record high. Whether it is under control is far from obvious.
Western Debt Crises And China
With the economic mess in the West and the apparent strength of Chinese economy, it is easy to forget that we are just all in the mess together.
Pork Prices, PBOC, And The Monetary Policy Game Of Chicken
Inflation is still a big problem. Or is it? Pork prices are on the rise, and PBOC thinks that inflation is just one of the policy target.
Economy, United States. 8 July, 2011, 18:49
ECRI Reiterates That The Slowdown Is Not Transitory
The Economic Cycle Research Institute (ECRI) reiterates its view that the current slowdown is not transitory, and may continue through to the end of the year.
Europe: European Central Bank Raises Interest Rate To 1.5%
The European Central Bank raises the key interest rate by 25 basis points, in-line with expectation, and just as hinted by Jean-Claude Trichet.
Economy, United Kingdom. 7 July, 2011, 19:23
United Kingdom: Bank of England MPC Keeps Interest Rate and Quantitative Easing Unchanged
The Bank of England keeps Bank Rate and the target size of asset purchase programme unchanged in the latest meeting.
China Economy: Hard Landing, Bumpy Landing, Soft Landing, And What Landing
With inflation remains high and the economy slowing down, making the right call on the economy is almost all about making the right call on the future policy course.
People’s Bank Of China Raises Interest Rates By 25 Basis Points
People’s Bank of China raises interest rates across maturities by 25 basis points, the third time this year.
Congratulations: China Has Abolished Boom And Bust
One Chinese economist seems to have suggested that China has become the master of the universe, achieving what Gordon Brown thought he achieved.
Wang Qishan Is Not Confident On Meeting Economic Targets
Vice Premier Wang Qishan is not as confident as Premier Wen Jiabao as far as meeting economic targets is concerned.
Greek Tragedy: Can Kicking
An immediate default of Greece is probably averted, but as we all know, it is a problem far from being solved.
China: June PMI Shows The Slowdown Continues
China delivers a disappointing June manufacturing PMI number, suggesting the economy is one step closer to the stalling speed.