Archive for October, 2011File not found. It’s Official: Shanghai Bans Property Price Discount Of 20% Or More
Socialism at its best: Shanghai real estate regulator said China Overseas Land was violating regulations by offering flats at a 30% discount.Chinese Property Market Bubble: The Problem In Reverse
The Chinese government could not stop the uptrend of the property market, and most probably will not be able to stop the downtrend as well.EU Finance Ministers Meeting Is cancelled
Tomorrow’s European EcoFin meeting which is supposed to solve the problem of the debt crisis is reportedly cancelled.United States: S&P/Case-Shiller Indices Were Up On Non-Seasonally Adjusted Basis
Home prices were up on a non-seasonally adjusted basis, but were down slightly on a seasonally adjusted basis.Enjoy The (Possible Santa Claus) Rally While It Last (Until Being Downgraded?)
While optimists can point to a year-end rally, pessimists are thinking about the possibility of yet another downgrade of the US another rating agencies.Santa Claus Rally 2011?
Bulls should be happy to hear that there might be a possibility of a rather more sustained rally towards the year-end.Watch: Chinese Homeowners Damaged A Sales Office As Developer Cut Prices
Here is a TV news report on one of the recent protests of home owners against price cutting as that means they lost money even before they live in them.Flash Eurozone PMI Falls To Lowest Since July 2009
Meanwhile, the flash Eurozone PMI from Markit shows weakness across the board, and gets to the lowest point since July 2009.Soft Landing? Inflation Will Be Below 5%, And PMI Rebounds
Peng Sen of NDRC thinks inflation can dip below 5% soon, while Hongbin Qu of HSBC believes with 100% certainty that I am wrong.The Weekend European Summit: Nothing Much Achieved
Not surprisingly, the latest weekend European summit has achieved practically nothing. Meetings to be held again on Wednesday.China: Is Wen Jiabao Hawkish Or Dovish Now?
While inflation fighting is still important and property market cooling is at a critical juncture, now job creation is also a priority.Pure Hilarity: A Chef Built A Railway Bridge In China
A former chef and restaurant owner who has no idea how to build bridges was somehow offered to build a railway bridge in China by a faked company.The “Pointless” EU Summit That Will Probably Solve Nothing
Belgian finance minister left the summit early to watch film, while Germany and France are arguing and pretending that there will be a breakthrough on Wednesday.Chinese Homeowners Are Angry That Developers Have Cut Prices
Some homeowners protested against developers cutting prices, while others want to return the flats to developers and get refund.£250,000 For A Plan To Break-up The Eurozone, Anyone?
Lord Wolfson is offering £250,000 to economists to submit plans to break up the Eurozone in an orderly manner.Hong Kong Property: Nam Cheong Site Tender And Mortgage Tightening
The Nam Cheong station site tender was underwhelming, while Citi and BoComm are no longer interested in mortgage business for the time being.Paul Donovan: There Will Be 5 Years Of Rolling Crisis In Europe
Paul Donovan of UBS thinks that there will be 5 years of rolling crisis in the Eurozone, and he thinks economists will run the world in a perfect world.Nominal vs. Real GDP Growth Of China
Although growth in real term has been slowed, growth in nominal term has actually accelerated, and that is mostly down to rising inflation.Selling US Treasuries ≠ Losing Confidence In the United States
Asian central banks reduced their holdings of US Treasuries. But that might just be an act to defend their own currencies.Nominal GDP (NGDP) Targeting
The Nominal GDP (NGDP) targeting idea is gaining traction. While it is something worth considering, I have a problem or two with it at the moment.