China Archive

Empire State Manufacturing, China Power Usage, Stock Buy Backs

The recession continues: Empire State Mfg Survey Highlights Negatives are beginning to run in Empire State with the index at minus 10.74 in November, right in line with the prior four readings and well below the Econoday consensus for minus 5.00. Several components are showing extended weakness including unfilled orders, at minus ...Read More

Mtg Purchase Apps, Saudi Pricing History, China

So much for housing leading the way up- looks to have gone from flat to down: MBA Mortgage Applications For the most part Saudis have been lowering premiums and increasing discounts which causes prices to fall to get their sales up to their pumping capacity: Not without a bit of pain, which ...Read More

Job Cuts, Yellen Comment, Saudi Pricing, German Factory Orders, Maersk Job Cuts, China Trade Show

Down a bit but still trending higher since the oil price collapse: Seems she still doesn’t realize negative rates are just another tax: FED’S YELLEN: IF ECONOMY SIGNIFICANTLY DETERIORATED, NEGATIVE RATES AND OTHER TOOLS WOULD BE ON THE TABLE This implies the rest of Saudi pricing remains the same from November, when ...Read More

Brent Spot Chart, China, Atlanta Fed

Looks a lot more negative since the October 5 Saudi price cuts than the futures markets. These price are more indicative of prices of physical oil vs financial portfolio activities: Note the lack of results of ‘monetary policy’: China’s October factory, services surveys show economy still wobbly Nov 1 (Reuters) — Activity ...Read More

Home Buyer Index, China GDP

Builders are expecting improvement, but seems actual buyers walking in the door remains depressed: Housing Market Index Sales expectations in the next six months rose 7 points to 75, while current sales conditions rose 3 points to 70. Buyer traffic, however, didn’t move, sitting at 47— the only component still in negative ...Read More

China trade, WRKO interview

Total trade is down, but the surplus is still high and holding, which ultimately supports the currency: China : Merchandise Trade Balance Highlights Every month China’s trade data are reported in both the renminbi and U.S. dollars by the National Bureau of Statistics. The renminbi report comes out first, followed about an ...Read More

Cartoon, US International Trade, India, Redbook Retail Sales, China Comments, Consumer Confidence

As previously discussed, trade deficit increasing: United States : International trade in goods Definition The Census Bureau is now publishing an advance report on U.S. international trade in goods. The BEA will incorporate these data into its estimates of exports and imports for the advance GDP estimates. This is expected to reduce ...Read More

Redbook Retail Sales, Richmond Fed, Architectural Index, Mtg Purchase Index, Chemical Activity Barometer, China, Unemployment Duration Chart

No sign of improvement: Bad: Richmond Fed Manufacturing Index Highlights Early indications on the September factory sector are negative and now include a minus 5 headline from the Richmond Fed. New orders, unfortunately, are even more deeply in the negative column at minus 12 which points to even weaker activity in the ...Read More

China, Saudi Output, Credit Check

This monetarist stuff doesn’t work: China removes regulation on loan-to-deposit ratio Aug 28 (Xinhua) — China’s top legislature on Saturday adopted an amendment to the Law on Commercial Banks, removing a 75-percent loan-to-deposit ratio stipulation. China has kept the 75-percent ratio since the law was enacted and put into effect in 1995. ...Read More

Personal Income and Outlays, Consumer Sentiment, Japan Household Spending, China Profits

Everything pretty much as expected and the same, helped by vehicle sales which are both volatile and leveling off: United States : Personal Income and Outlays Highlights There’s no hurry for a rate hike based on the July personal income and outlays report where inflation readings are very quiet. Core PCE prices ...Read More