Archive for June, 2012File not found. We still know too little about Spain’s bank bailout
Details on the Spanish banks bailout are still scarce. Cashless transaction for the bailout would be preferred, however.
Economy. 15 June, 2012, 1:24Charts: Inflation? Where?
Inflation in major economies has peaked last year, and a number of major economies already showing deflation on a month-on-month basis.Euro area funding requirement for 2012 by country
While Spain’s funding requirement should be able to be absorbed by Spanish banks, focus now should be shifted to Italy.As the Chinese government gave up, the real estate market goes crazy
As the Chinese government has given up rebalancing and started reflating the economy once more, people has gone crasy in the real estate market again.Pourquoi? Warum? Why?
A luxury Chinese restaurant is decorated as if it were an Airbus A380 cabin, and having dinner there is even more expensive than flying on an A380.As demand stalls, steel and coal producers sell pigs
A steel producer has ventured in pig farming earlier, and now a coking coal producer is venturing into pig slaughtering.Has the Chinese government given up on rebalancing already?
As the economy slows, the Chinese government resorts to the old way in attempting to reflate the economy, implicitly giving up on rebalancing.Chart: China bears? Where?
BofA/ML fund manager survey suggests that APAC investors have boosted there overweight on China to the 2nd highest on record.Ominous: sovereign CDS of Germany is widening
German CDS is now widening. It is even wider than Verizon, IBM, Pfizer and Microsoft now, suggesting deterioration of financial condition.Charts: Australian dollar and Chinese macro data
Here are two charts showing the changes in Australian dollar with some of the Chinese macro data.Welcome to the 1930s: possible capital control after Grexit
The EU is considering border control, capital control, and suspension of Schengen agreement in the event of Grexit.Buy the rumour, sell the news: Spanish bailout edition
The market is rapidly fading the news of the Spanish bailout as it turns out to be extremely problematic.China’s economy is slowing, just don’t get too excited about stimulus
While the Chinese economy is obviously slowing, the pace of the slowdown has not been bad enough to justify more easing.China Monetary Statistics for May 2012
New loans and money supply figures came in better than expected, while deposits surprisingly increased significantly in May.On the Spanish banking bailout
Spain will receiving up to €100 billion, channeled through FROB, to recapitalise its torubled banks. Yet most remain sceptical.China’s trade figures beat estimates in May 2012
Both import and export growths rebounded more than expected in May, with trade surplus came in slightly higher than April.China’s fixed asset investment growth softened slightly in May 2012
Fixed asset investment increased by 20.1% yoy in May, down from 20.2% yoy in April, while real estate investment continues to soften.China’s retail sales growth missed estimate in May 2012
Retail sales in May increased by 13.8% yoy, below consensus forecast of 14.2%. Month-on-month growth is trending lower.China’s industrial production growth rebound slightly in May 2012
Growth of Industrial production increased slightly from 9.3% yoy in April to 9.6% yoy in May, but below consensus forecast.Charts: China’s real deposit rates turning positive
With inflationary environment turning into a deflatioanry environment, China’s real interest rates have turned positive and trending higher.