Daily Archive: Wednesday, January 9, 2013
Japan should buy the platinum coin?
Government Spending, Japan
Jan 09, 2013
Abe revived this panel. Lots of cross pressures as to whether to increase deficit spending or not. If not, they could continue to be the land of the rising yen, as ‘monetary policy’ short of actual fx purchases doesn’t cut it. As previously discussed, while reported reserves have remained flat since the
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China Loan Share at Record Low Shows Financing Risks
Banking, China, Government Spending
Jan 09, 2013
Lending by state banks there- shelling out funds without much concern about getting them back- is functionally a lot like deficit spending here, and both probably have similarly high multiples as well. So while ‘normal’ deficit spending is reportedly going up in China, temper that by this kind of decrease in ‘shadow’
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