Archive for 2011
File not found. Hong Kong: Monetary Statistics For September 2011
Year-on-year growth of all Hong Kong dollar money supply measures dipped into negative territory in September 2011 on non-seasonally adjusted basis.
Li Daokui: Real Estate Curb In-place, No Monetary Easing, Sees Inflation At 2.8%
PBOC’s advisor thinks real estate curb will remain in-place, and inflation will fall sharply next year, but there will not be any major monetary easing.
Money Flowing From Real Estate To Equities?
The simple view that money could flow from real estate to equities does not take the monetary consequence of falling prices into account.
Niall Ferguson: The End Of Great Divergence
The divergence between the West and the rest for the past many centuries is ended, said Niall Ferguson.
Bailout From China Should Be The Last Thing Europe Wants
By asking China for help, Europe will actually hurt themselves.
EURO INSANITY: EFSF Considers Issuing CNY-Denominated Bonds
In order to lure China in bailing out Europe, the EFSF chief wants to issue bonds denominated in Chinese Yuan.
Financials, World. 28 October, 2011, 21:35
StanChart: China, SG, Korea, and HK Most Vulnerable To EU Banks Cutbacks
Standard Chartered thinks that China, Singapore, Korea and Hong Kong would be the most vulnerable to EU ex-UK banks cutback.
Italian Bond Market Is Not Impressed
Italy’s latest bond auction was not going well, as the 11-year bond was sold at 6.06% yield. 10-year yield is back up above 5.9%.
China, Real Estate. 28 October, 2011, 15:58
China Real Estate Developers’ Inventories Continue To Creep Higher
Chinese real estate developers’ inventories and debt continue to increase while the operating cash flow continues to deteriorate.
Jim Chanos: Not Impressed By The Europeans, And Still Shorting China
Jim Chanos does not think that the latest European solution will solve the problem, and China is on a even “bigger and faster treadmill to hell”.
Wolfgang Münchau: 120% Debt/GDP Ratio by 2020 = 9 Years Of Strikes In Greece
Wolfgang Münchau is not impressed by the latest deal to save Euro, being sceptical about both the debt sustainability and the EFSF leveraging.
The Latest Look of S&P 500 Compared To 2008
Here is the latest look of the S&P 500 index compared to the performances of S&P 500 during the 2007-2009 bear market.
China, Real Estate. 27 October, 2011, 16:05
Chinese Real Estate Developers Profits Fell In 3rd Quarter
Chinese real estate developers’ profits dropped almost 40% in the third quarter compared to the second quarter.
Problem Solved? EU Agreed On Greek Debt Haircut And EFSF Leveraging
After the summit, EU leaders agreed on 50% haircut of Greek debt and the bond insurance and leverage of the EFSF. Problem solved for now, so it seems.
Greek Debt Talks Said To Be Deadlocked And Suspended
Bloomberg latest headlines suggest that the Greek debt negotiation is in a deadlock.
Euro Crisis Summit Day: War, Pigeon, Haircut And Leveraging EFSF
Angela Merkel talked about war and peace, a carrier pigeon is dead, and IMF thinks that even 60% haircut on Greek debt isn’t enough.
Tom DeMark: This Is A Tired Market, And Bulls May Be Trapped
Tom Demark thinks that S&P 500 may make modestly higher highs, but people who are bullish may then be trapped.
China To Bailout Europe? EFSF Chief To Fly To China
While EFSF’s Regling is going to China to ask for money, please note that China cannot possibly be saving Europe.
China, Real Estate. 26 October, 2011, 15:18
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.
China, Real Estate. 26 October, 2011, 2:14
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.