Stuff We Missed: Wednesday, February 22 http://t.co/2qxa9hTA
18 minutes ago
Emerging Market Channel: Latest Posts
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Emerging Markets
The Cairo Consensus
If one travels frequently, as I do, one often finds stereotypes to be rampant, and thus, much of the discourse on certain important issues and regions of our volatile world tends to be biased. This often leads to intellectual short-cuts (i.e. laziness), misinterpretation, and bad policy advice, most often of the erroneous kind of “one [...]
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Asia
When Will China Emerge From the Global Crisis?
This posting is from the January 30 issue of my newsletter, and so ignores recent events in Chongqing, but of course those events make my discussion of the political debate entry all the more relevant, I think. Before getting to the policy debate, I want to mention that in late January Caixin, one of my favorite magazines, [...]
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Asia
China’s Slowdown
Yesterday I was on China Radio International (CRI) talking about the latest figures and trends for the Chinese economy: the drop in real estate, record bank profits, weak trade and PMI data, and persistent inflation. The overarching question was whether the perceived slowdown in China’s economy is real, and how worried we should be about [...]
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Emerging Markets
Why This Kolaveri, Di?
Some friends alerted me to this important comment in the MINT on how India’s farmers are rationally expecting another loan waiver and refusing to pay off their loans. Before the last general elections, they got a loan waiver. You can’t blame them for hoping to get another now. Their expectations have been set by the [...]
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Emerging Markets
Xi Jinping in America
Chinese Vice President (and presidential heir-apparent) Xi Jinping is on a multi-day official visit to the United States this week, and not surprisingly, one of the first issues raised was the US-China trade imbalance. I was quoted in a number of articles, including this one in the Los Angeles Times, pointing out that the exchange [...]
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Peterson Institute for International Economics
The Myth of China’s Giant Fiscal Deposits
There is a recurring notion that pops up every now and then that the Chinese government has a giant rainy day fund. When growth slows but banks are constrained in expanding lending, analysts start to call on China to tap into these reserves to finance fiscal stimulus. Macquarie: “Running down PBC [People’s Bank of China] [...]
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Emerging Markets
‘Power’less in India
The price that India is beginning to pay for the entitlement politics practiced, with very few interruptions, since Independence is high and is climbing. Industrialists from the prosperous industrial town of Coimbatore protested against the prolonged interruptions to the power supply: Members of 31 industrial associations and their workforce staged a demonstration at Gandhipuram in Coimbatore on [...]
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RGE Analysts
RGE’s Arnab Das – Rupee Will Underperform, Not Bullish on it
In an interview with ET Now, Arnab Das , MD, Roubini Global Economics talks about how the Indian economy will grow this year with a special emphasis on the country’s investment cycle and rate cuts. Excerpts: ET Now: What are your views on the projected sub-7% growth and the correction in inflation? Is it as [...]
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Nouriel Roubini's Global EconoMonitor
Nouriel Roubini and Patrick Chovanec EconoMonitor Video – China: How Much Stress Can the System Take?
Patrick Chovanec, associate professor at Tsinghua University’s School of Economics and Management in Beijing, China stopped by the RGE offices in NY for a discussion on the likelihood of a hard landing in China and we consider the short and medium term implications of policy adjustments, leadership transitions, and technology advancements. [22:20] [2:25] – How [...]
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The Kapali Carsi
A Turkish perspective on the Fed
Below is my latest Hurriyet Daily News column, which you can also read at the Daily News website. I have an addendum coming up very soon, hopefully tomorrow, where I will summarize the different arguments on the Fed’s actions, as I have read several interesting articles after this column was published… While it may [...]
