Aug 31st, 2009
According to a recent article on Reuters, on Saturday Lou Jiwei, the chairman of the CIC, China’s sovereign wealth fund, said at a conference on Saturday in response to a question about his expected performance: “It will not be too bad this year; viagra online prescription.Both China and America are addressing bubbles by creating more [...]
Aug 20th, 2009
The Shanghai stock market was up 4.5% in very nervous trading today but down 16.3% since its recent peak at 3478 on August 4, and still trading at more than 30 times earnings. All this turmoil is triggering all sorts of worried comments about the sustainability of the fiscal stimulus package and whether it has [...]
Aug 17th, 2009
I usually don’t post a new entry so soon after the last post where to buy cialis, but there was an interesting article in today’s Wall Street Journal by Andrew Batson. China is center stage when it comes to fears that buyers will one day spurn U.S. Where to buy cialis: treasurys.The bond market has [...]
Aug 15th, 2009
My ten-day trip – partly holiday on Phuket and Phi Phi islands (even more beautiful than I had expected) and mostly meetings in Bangkok buy online viagra, Hong Kong and Singapore – finally ended yesterday. Besides three presentations to large investment groups, I met about twenty to thirty institutional investors in small meetings, and those [...]
Aug 10th, 2009
Now for the next few years China’s savings rate will almost certainly decline and its consumption rate rise – it has no other choice except to inflate a major, debt-fueled overinvestment boom – but will that happen because of high growth in consumption or low production growth? That is where policy matters very much, and [...]
Aug 7th, 2009
By coincidence I had two OpEd pieces that came out last week, one in the WSJ and the other in the Financial Times. The latter came about because about a month ago Martin Wolf asked me to write a piece based on my June 20 entry. The former came about on the previous Friday when [...]
Aug 3rd, 2009
Some of the blog readers have noticed some weird goings-on with recent entries. From time to time an entry will pop up that seems totally inappropriate to current events. Sorry. This is because the old host of my blog, when it was on a different site, is closing down, and I have been going through [...]