Comments on: The coming of a US savings culture?

By: The Blog Planet - Investing During A Recession

The Blog Planet - Investing During A Recession — Thu, 11 Jun 2009 03:31:37 +0000

[...] The coming of a US savings culture? [...]

By: Michael Pettis

Michael Pettis — Tue, 09 Jun 2009 07:17:50 +0000

Interestingly enough it looks like the AVIC deal mentioned in my post has been canceled. According to this weeks’ Caijing:

China Aviation Investment Holding Co., or AVIC Capital – the investment vehicle of Chinese aircraft-making conglomerate Aviation Industry Corp. of China – has cancelled its plans to buy a 238 million yuan stake in bearing manufacturer Fujian Longxi Bearing Co.

The deal was scrapped because of objections from regulators, Fujian Longxi said in a statement June 4. The statement did not provide further details.

By: Random Links LIV « Random Musings of a Deranged Mind

Random Links LIV « Random Musings of a Deranged Mind — Tue, 09 Jun 2009 02:19:24 +0000

[...] Chinese SOEs as Value Destroyers: Below-market interest rates may be keeping large Chinese conglomerates on life support. [...]

By: Would Current Trade Protectionism Issue Hinder Global Financial Recovery? | Understanding The Stock Market

Sat, 30 May 2009 15:55:50 +0000

[...] Michael Pettis editorial is worth reading The coming of a US savings culture? as he highlights the trade [...]

By: stoneweapon

stoneweapon — Fri, 29 May 2009 00:22:29 +0000

I just stumbled over this article which sheds a little light on the competitive disadvantage of multinationals who do not have a diverse managerial staff. Not only is it a barrier breaking ground in new markets, it is also a barrier in attracting revolutionary talent.

http://www.managementtoday.co.uk/search/article/822814/siemens-just-german-says-ceo/

By: stoneweapon

stoneweapon — Fri, 29 May 2009 00:09:01 +0000

litz: thanks for the link as this gives me a bit more info to chew on, page 14 on currency is interesting. Looks like the US and China took a huge chunk out of Japan’s manufacturing output. I would like to see the numbers for Germany.

If you have talent (regardless of race) the US is one of the best places to be. Both German and Japanese multinational corporations are crowded with managers of their own descent, where US multinationals are not. A good example would be to compare the management staff of Siemens to Microsoft. I would be surprised if Siemens had more than 2 non-Germans globally.

By: litz

litz — Thu, 28 May 2009 09:00:33 +0000

How would you consider this report from USCBC.
http://www.uschina.org/public/documents/2009/china_policy_recommendations.pdf

in page 4 there is an interesting figure about the the coposition of US global trade dificit. China has only a very limited share.

By: Houhui

Houhui — Thu, 28 May 2009 04:30:11 +0000

That was a weird post…

By: Phd.Of.Blarney

Phd.Of.Blarney — Wed, 27 May 2009 14:36:41 +0000

Dear Mr Pettis,

Your mind is sharp. Very sharp.

Your writing is tops. As everyone can see.

But in the end, your topic of writing, and your point of view, is quite a bit off.

Of course, no one would want to change your point of view.

So, why not let us just listen, ever more, to your point of view?

By: Dr.Frank Loo

Dr.Frank Loo — Tue, 26 May 2009 17:24:24 +0000

Shocking US Debts information:

http://www.usdebtclock.org/