The latest analysis and updates on global economy. China, US, UK, Europe, and the rest of the world.
China, Economy. 27 June, 2011, 15:25 The Trillion Dollar Question (Part 2): Confusion On The China’s Local Government Debts
With the latest statistics, and if the treatment of those numbers are correct, China’s government total debt-to-GDP ratio will be close to 88%.
Economy, Europe. 27 June, 2011, 4:27 Greek Tragedy: The Vote, French And German Banks Negotiation, And China
Greek MPs will be voting on Austerity; German and French banks are negotiating with their governments; Wen Jiabao pledged to support Europe.
China, Economy. 24 June, 2011, 14:54 Wen Jiabao: Yes We Can
Wen Jiabao wrote on the Financial Times that the government can rein in inflation without slowing growth too much.
Economy, Europe. 24 June, 2011, 4:57 Greek Tragedy: Investors Need To Sober Up
Investors reacted to the headline that Greece has struck a deal with EU/IMF on austerity favourably, while not realised that it was not the real deal.
China, Economy. 24 June, 2011, 4:18 More On The On-Going China Economic Slowdown
The slowdown of China continues and the risk of hard landing is rising, but the tightening remains unlikely to end anytime soon.
Economy, United States. 24 June, 2011, 2:55 Brinkmanship Over Debt Ceiling Talk
The political gridlock on the debt ceiling talk should make people worried about the prospect of the US default. The bond market isn’t bothered though.
Economy, United States. 23 June, 2011, 3:28 Ben Bernanke’s Press Briefing 22 June 2011 Highlights
Ben Bernanke has signalled no more quantitative easing as the situation today is remakably different from last August.
Economy, United States. 23 June, 2011, 0:30 United States: Federal Reserve Maintains Interest Rate Unchanged
The Federal Reserve holds the federal funds rate at 0-0.25%, while the second round of quantitative easing will end this month as scheduled.
China, Economy. 22 June, 2011, 22:16 Soft or Hard Landing In China? Richard Koo Vs. Andy Xie
While Richard Koo prescribed a formula for China to avoid hard landing, Andy Xie believes hard landing will ultimately be good for China.
Economy, United Kingdom. 22 June, 2011, 18:40 United Kingdom: Bank of England Minutes For June 2011 Meeting
Bank of England minutes shows that the hawkish camp has lost one member. The balance between price stability and growth remains a difficult one.
Economy, Europe. 22 June, 2011, 6:07 Greek Ruling Socialist Party Wins Confidence Vote
Prime Minister George Papandreou and the PASOK party survives the cote of confidence. Now it’s time to get the austerity package pass the parliament.
Economy, Europe. 22 June, 2011, 4:46 Economic Historian: Debt Reduction Is The Only Solution For Greece
The experience of Germany in the 20th Century tells us that the best solution for the Greek problem is to allow a haircut.
Economy, Hong Kong. 22 June, 2011, 3:22 Hong Kong: Inflation rose to 5.2% In May
Inflation in Hong Kong rose to 5.2% yoy in May, rising from 4.6% in April. Expect inflation to get higher before easing towards the end of this year.
Economy, Europe. 21 June, 2011, 16:18 Greek Tragedy: Wishful Thinking On Its Public Finances
Even if Greece can secure the next instalment of the bailout money, the public finance of Greece remains awful, and the bailout will not solve any problem.
Economy, Europe. 21 June, 2011, 3:05 Greek Tragedy: Deal Or No Deal
If the Greek Parliament can’t pass the new austerity measures in two weeks, the next €12bn funding will be withheld, and default will be likely.
Economy, Europe. 18 June, 2011, 4:21 Greek Tragedy: An Intermission, With Noises From Italy
Calm before the storm? Worries over Greece faded as the PM waits for the vote of confidence. Meanwhile, there are noises from Italy.
Economy, Europe. 16 June, 2011, 23:27 Greek Tragedy: Getting Even More Tragic
If George Papandreou cannot obtain the vote of confidence this weekend, a disorderly default might be a more likely outcome.
Economy, Europe. 16 June, 2011, 2:09 There Will Be Blood In The Eurozone
EU commissioners are deeply worried about Greek situation, and expect the markets to “smell blood” in the near future.
Economy, Europe. 15 June, 2011, 20:05 Greek Tragedy: Everything Is Falling Apart
Greece is facing an awful public finance, a internal political turmoil, and the absudity of the Euro. Nothing is looking good.