Archive for November, 2011
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Cross asset, Markets. 12 November, 2011, 2:10
“Path Uncertain, Destination Ugly”
Amid all the macro risks, while the destination will most probably look very ugly, the path to get there is now highly uncertain.
Hong Kong Narrowly Avoided A Recession In Q3
Hong Kong economy grew by 0.1% qoq after contracting by 0.4%, narrowly avoided a recession in the third quarter.
China: Monetary Statistics For October 2011
M2 money supply growth continues to moderated. While new loans are above expected, deposits fell by CNY201 billion.
HONG KONG: Beware Of EU Banks Cutback; Don’t Count On Others’ Easing
Hong Kong is exposed to cutbacks from European banks, and no one should be counting on other central banks printing money to save Hong Kong.
Europe Is Edging Towards Recession, Debt Crisis More Unsolvable
European Commission has cut Europe economic growth forecast for 2012 from 1.8% to a mere 0.5%. That’s going to make the debt crisis more tricky.
You are Either A Moron Or An Idiot If…
Anyone who believes that he/she is 100% certain that Chinese policymakers can do no wrong is either a moron or an idiot.
China Exports Growth Slowed In October
China’s export growth slows further from 17.1% to 15.9% in October amid on-going European debt crisis which drags down EU economy.
There Is No Happy Ending For Eurozone
There is no easy solution to the Eurozone problem, and even imagination can’t produce any happy ending.
China, Financials. 9 November, 2011, 18:20
Goldman Sachs Is Selling ICBC
Goldman Sachs is seeking to sell US$1.54 billion worth of shares in Industrial and Commercial Bank of China.
Why You Should Be Worried About Italy
LCH.Clearnet raises initial margin on Italy’s debt, and why you should be concerened about Italy as their bond yields surge.
Donald Tsang Just Told Bill Ackman To Piss Off
Donald Tsang said Bill Ackman will ‘lose a lot of money’ for his bet on Hong Kong dollar de-pegging from US dollar.
China Inflation Eased Further To 5.5% In October
Inflation in China fell to 5.5% in October as food prices fell. That makes the case for some selective easing, but not aggressive one at this stage.
An Economist At A Government Think-Tank Thinks Yuan Should Be Devalued
Fan Jianping of State Information Centre thinks that Chinese Yuan should be weakened as money may be flowing out of the country.
Why China’s Sovereign Wealth Fund Is Not Interested In EFSF
CIC is not showing interest in bailing out Eurozone as they don’t think they can get fair return because (peripheral) Europeans are lazy.
Economy, United States. 7 November, 2011, 22:00
ECRI’s Lakshman Achuthan Is Still Forecasting A Recession
ECRI’s Lakshman Achuthan is not changing his recession call despite economic data coming in better than expected.
Aussie Dollar And China’s Power Output
The move in Aussie dollar tracks quite closely with power output and consumption of China.
Greece Is So Yesterday, It’s Now About Italy As Bond Yields Surge
Italy’s 10-year bond yield is rising ever close to the 7% mark which is widely viewed as sustainable.
China’s Inflation In October Is Set To Fall
The food component of CPI is set to fall significantly, which will probably drag the headline inflation down quite significantly.
Greek Prime Minister George Papandreou Resigns
Greek Prime Minister George Papandreou is stepping down. Lucas Papademos, former ECB VP, could be the new PM.
China, Real Estate. 7 November, 2011, 2:11
The Latest Look At China Real Estate Market
A property developer offers to refund if prices fall; collapse in transaction volume kills agencies, and Jack Ma came to rescue.