Daily Archives: December 20, 2010 @ 9:30 am (Monday)

Australia

I don’t follow it at all closely but in general they have been following a policy of budget surpluses and relying on increasing levels of private sector debt to sustain aggregate demand. That’s not sustainable, even for China’s coal mine, … Continue reading

Posted in Comodities, Deficit, Government Spending | Tagged , |

china inflation – ft article

Sounds like the ‘managing expectations’ they teach at the western universities. Inflation is under control, says Chinese regulator By Jamil Anderlini December 17 (FT) — “The recent inflation is completely different from the periods of very high inflation that China … Continue reading

Posted in China, Inflation, Uncategorized | Tagged |

ECB Has ‘Serious Concerns’ About Irish Bank Proposals

EU Headlines ECB Has ‘Serious Concerns’ About Irish Bank Proposals And they call the shots now. Trichet Says Euro Remains Credible; States Leaving Is ’Absurd’ EU Nations Violating Deficit Caps May Be Fined Up to 0.5% of GDP Fines have … Continue reading

Posted in ECB, EU |