Still depressed Lower than the Fed thought: U.S. inflation probably lower than reported, Fed study says Aug 24 (Reuters) — U.S. inflation in the first half of the year was probably “markedly lower” than reported according to the San Francisco Federal Reserve Bank. Researchers at the regional Fed bank had earlier found that the very […]
Tag Archives: China
China News
Reads to me like policy is moving back towards growth and ‘inflation?’ I don’t expect runaway inflation but enough to continue to fundamentally continue to weaken the currency. China’s currency has been fundamentally weakened for the last couple of years, while being supported vs the dollar by foreign investment, speculation, and what looks to me […]
Forbes – Property Prices Collapse in China. Is This a Crash?
Reads like the inflation problem was worse then most thought, and that a hard landing might still actually be happening. No way to actually tell in real time. With China a first half/second half story, as previously discussed, January will bring a fresh slug of new govt. lending/spending that should at least moderate any fall […]
Credit spillovers from Eur banks to EM
Makes sense. I always wondered how that loan demand was accommodated. Never looked like the kind of lending US regulators would sanction. Karim writes: Interesting table from JPM. Much larger dependence on credit from Eur banks for LATAM economies than from U.S. banks. Poland/Russia not as surprising but still large! Overall, domestic bank lending surveys […]
Euro Bailout Fund Chief Sees No Quick China Deal
Now it all starts unraveling. It’s all talk- another ‘optical illusion’ with no operational reality I sight. The China participation isn’t a done deal. The 50% haircut isn’t a done deal either as they haven’t yet figured out how to actually do it without a default event. The EFSF contributions aren’t a done deal either. […]
Crude Oil Update
Still seems to me that the idea that WTI appreciates to Brent as the Strategic Petroleum Reserve release winds down over the next few weeks is playing out as previously discussed. The WTI discount depends on a serious glut condition persisting, and the wind down of the approx 3.8 million barrels a week being delivered […]
Shanghai New Home Sales Plunge 77% Y/y to 6-Year Low
This doesn’t need to mean hard landing, but it means the state has to be that much more countercyclical to hold it all together, and they are facing what they consider a serious inflation problem. Shanghai New Home Sales Plunge 77% Y/y to 6-Year Low, Uwin Says Oct. 10 (Bloomberg) — Transactions fell to 85,400 […]
China Extends Crackdown on Off-Balance-Sheet Loans
Cutbacks now will further slow things: China Extends Crackdown on Off-Balance-Sheet Loans July 4 (Reuters) — China’s bank regulator has cracked down on off-balance-sheet lending by the country’s banks, sources told Reuters on Monday, its latest step to prevent over-zealous and risky lending from hurting its financial system. China Banking Regulatory Commission (CBRC) has ordered […]
Modern Monetary Theory: The Last Progressive Left Standing
Modern Monetary Theory: The Last Progressive Left Standing By Warren Mosler
China’s New Missile May Create a ‘No-Go Zone’ for U.S. Fleet
[Skip to the end] I suspect this is what Iran is developing as well to drive the US Navy out of the Gulf region. China’s New Missile May Create a ‘No-Go Zone’ for U.S. Fleet By Tony Capaccio Nov. 17 (Bloomberg) — China’s military is close to fielding the world’s first anti-ship ballistic missile, according […]