See these for more about the tech slowdown & what comes next @FabiusMaximus01: http://t.co/52HGQUANpv & http://t.co/W9VXNadujw.
26 minutes ago
Category Archive: Asia
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RBA Delivers, Is the Riksbank Next?
The Reserve Bank of Australia delivered a 25 bp rate cut earlier today. While the ECB, BOE and BOJ meet later this week, expectations are low for additional action. Sweden’s Riksbank meets on October 25 and could be the next central bank to cut rates. The Riksbank cut the repo rate 25 bp in early [...]
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Can China Increase Export Competitiveness?
Three weeks ago the Wall Street Journal published my OpEd piece about concern that China may try to make the rebalancing process less painful by allowing the RMB to depreciate. In the piece I argue that this isn’t as obvious as you might think. From July 2005 to February this year the RMB rose by just over 30% [...]
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Nouriel: Indonesia Still a Compelling EM Story
In Indonesia to speak at the NYSE, Nouriel noted Indonesia’s continuing strong performance among emerging markets. In the two years since Nouriel loudly advocated Indonesia’s status as a major EM, Russia has indeed suffered numerous macro and political setbacks, while Indonesia has continued a process of solid fiscal and macro policy, for laudable growth. The [...]
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India Growth Story – A 9% Growth Miracle that Was Never Meant to Be
We believe that expectation of India’s (a dirigisme economy) growth miracle (9% plus rate of growth) is quite far-fetched. We, link this to the failure of the institution of parliament and judiciary in India. As India’s electorates continues to come up with fractured mandate with every passing election, there are increasing instances of criminalization [...]
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By 2015 Hard Commodity Prices Will Have Collapsed
For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still have a very long way to go. There are four reasons why I expect prices to [...]
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The Likelihood of BoJ Easing Next Week
The Fed’s Thursday easing announcement paves the way for the BoJ to announce its own asset purchase program expansion at next week’s policy meeting, in line with our previous view. There are certainly risks to this call: Just today the government released machine orders data showing a far more resilient July than expected, and earlier [...]
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Time for a Reset? Huawei’s Challenges in the United States
Today, the Chinese company Huawei is a global private-sector trendsetter. In the United States, the government perceives it as a threat. Why? Starting in a one-room workshop in Shenzhen in the early 1980s, Huawei is today a global giant generating over $32 billion in annual revenues, with offices in more than 140 countries. Like many [...]
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Steve Keen: Should We Be Worried About Australia’s Private Debt Level?
In a presentation Australian economist Steve Keen delivered recently in New Zealand, he describes how, prior to the GFC, he was compiling data for his role as an expert witness in a predatory loan case for NSW Legal Aid. Looking to parse the accuracy of a claim that private debt to GDP had been rising [...]
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China’s Trade Surplus
The August numbers are in. From MarketWatch: China posted a wider-than-expected trade surplus in August as imports unexpectedly contracted from the year-ago period, suggesting anemic domestic demand, according to data released Monday. Exports exceeded imports by $26.7 billion during the month, beating expectations for a $17.2 billion surplus in a Dow Jones Newswires survey of economists. [...]
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Arresting Regulatory Failure in the Financial System
This is not the best of times for global finance. The world economy has been under severe stress following the bankruptcy of Lehman Brothers in September 2008. The fall of the mighty investment bank was a big blow to the global financial system leading to arguably the worst economic crisis since the great depression of [...]
