Zarathustra
About: Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.
Website: http://www.alsosprachanalyst.com
Recent Articles by Zarathustra
Economy, United States. 7 October, 2012, 3:38
US trade deficit has been halved if oil is excluded
If the trade balance of oil is excluded, US trade deficit is now just half of what it was at the pre-crisis peak.
China’s local government’s investment “wish lists”: wishes that will not come true
Only a small portion of the investments being announced by China’s local governments will ever be implemented.
Chinese political cycle has no clear influence on economic cycle
There is no conclusive evidence that economic growth will pick up after Party Congresses.
Chinese golden week sending out mixed signals
Figures and anecdotes throughout the golden week send out mixed signals regarding the Chinese economic activities.
Macau casino revenue rose by 12.3% yoy in September
Macau casino revenue increased by 12.3% yoy in September.
European Central Bank keeps rates unchanged
ECB keeps rates unchanged
Economy, United States. 4 October, 2012, 19:00
Bank of England MPC maintains bank rate at 0.5% and QE unchanged
Bank of England puts policy on hold.
Economy, United States. 4 October, 2012, 17:32
Mitt Romney wants to “stop borrowing from China”
China “lends” to the US not because China is very nice, of course.
The Iranian hyperinflation
Iranian rial’s free fall is feeding into domestic prices.
The very "golden" golden week tourism data
Don’t read too much into the seemingly very golden data point of golden week tourism.
The reason why Harry Potter universe is completely hidden
What is the connection between inflation and prosecution of witches?
Four QEs, four reactions
The same policy done by 4 different central banks probably produces 4 different market perceptions
Chinese economy is a car "stuck in the snow", says Dong Tao of Credit Suisse
China is in a liquidity trap, says Dong Tao, and Beijing’s leadership is like the driver of a car stuck in the snow.
Rebalancing, sort of
While trade surplus of China shrinks, trade deficits of the US shrinks as well.
Wall Street strategists remain bearish, says BofAML
Wall Street strategiests remain bearish according to Bank of America Merrill Lynch.
Economy, United States. 1 October, 2012, 22:14
ISM manufacturing PMI points to expansion in September
US ISM manufacturing PMI beats estimate in September.
Euro area unemployment rate at 11.4% in August
Euro area unemployment rate remains at record high.
Euro area manufacturing PMIs point to slower contraction in September
Eurozone manufacturing continues to contract, but the pace of contraction is moderating.
China’s broken growth model
Growth models is broken, and all hope seems to be on the government.
China’s PMIs: Official vs. HSBC/Markit
Two charts showing the differences between official PMI and HSBC/Markit PMI.