Archive for September, 2011File not found. Finally, ECRI Calls Recession In The US
The Economic Cycle Research Institute (ECRI) now sees the US economy tipping into a new recession.The Bloke From Brussels Stormed Out Of Newsnight
One bloke from Brussels stormed out of an panel discussion on BBC flagship programme Newsnight after being referred as an idiot.China Economy: More Worrying Signs
The recent development in China is getting more worrisome.CDS Says Chinese Banks Are Turning European
The credit default swaps spreads for Chinese banks have been surging at much faster rates than their Asian counterparts.Stock Market Bottom-Fishing: Great Depression Edition
The stock market hit the bottom on 8 July 1932. A day later, Germany defaulted on its World War I Reparation as demanded under the Treaty of Versailles.United States: S&P/Case-Shiller Indices Show Mixed Signs Of Stabilisation
S&P/Case-Shiller home prices indices rose for the fourth consecutive month, but most of the gains appear to be largely seaonsal.After Crashing High-Speed Rail Trains, They Crash The Metro
A collision between two trains in Shanghai Metro Line 10 took place earlier today. Latest chatter suggests that 224 were injured.S&P Raises More Concerns On Chinese Real Estate Developers
Standard & Poor’s raises more concern on the credit outlook of Chinese real estate developers, as slowing sales and difficult credit environment impact liquidity.The Great Escape From The Unbearable Burden Of Credit
With slowing business activities and unbearably high interest rates from the underground banking system, businesses owners are fleeing.Meanwhile, Silver And Gold Bugs Are Killed
Just as you really need some safety from safe assets, the supposedly safest of all betrays you: gold and silver are melting.From The Top To The Bottom: Are We There Yet?
After two months of rather extreme volatility, is this the bottom? I need more time to tell, and historically it took more time to hit the bottom.Greece Will Default – Yet Another False Alarm Or What?
Sky News reported that the G20 ministers are now preparing for a Greek default. Whether it is a false alarm this time is not important: it will default anyway.Something Is Wrong With Copper And/Or Global Economy
The price of copper is regarded as a leading economic indictor, and it has entered into a free-fall of late. That singals something bad about the economy.More On EM Currencies Weakening
It seems that a strong dollar is creating some troubles elsewhere in emerging markets. EM are having some selling pressures of late.Vicious Circle: Expectation Of Failure And Real Failure
A vicious circle can develop in which the expectation that the monetary policy could fail leads investors to delay investment thereby promoting failure.Hong Kong: Inflation Eased To 5.7% In August
Headline inflation eased to 5.7% yoy, but the actual consumer price index has fallen on a month-on-month basis for two straight months.Chinese Yuan NDF Now Pricing In Depreciation Of The Currency
The Non-deliverable forward contracts are now pricing in a depreciation of the Chinese Yuan rather than appreciation.Operation Twist? That’s Operation Illusion
There was high expectation that the Fed would do something, so the Fed was compelled to do something, even though they kind of understand that it won’t help.United States: Federal Reserve Decides To Do Operation Twist
The Federal Reserve decided to sell US$400 billion of Treasurys in the short-end and buy the equal amount of debts in the long-end. Operation twist is official.China Mega-Bear Market Continues
Hong Kong/China equities have been doing significantly worse than the US market. The mega-bear here is still very well a alive, I think.