My apologies, but once again I have been too busy traveling to post as often as I would like. Cialis best price: i am currently in Malaga, in southern Spain, in my family’s home, where incidentally I can see first-hand the consequences of the global economic crisis. After enjoying for nearly a decade the spectacular [...]
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Tags: Barcelona
Posted in Asian development model, Consumption and production, Savings glut • 99 Comments »
Things have been so busy this past week with various writing commitments and with the celebration of the third anniversary of my music club (four amazing shows with some of Beijing’s greatest artists and a lot of support and coverage from local music scene participants an the press) that I have been neglecting my blog; [...]
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Tags: Lewis Carroll, PG Wodehouse, SMEs
Posted in Asian development model, Banks, Fiscal stimulus, Money growth, NPLs • 38 Comments »
One of the few areas in which the Chinese fiscal stimulus package is unquestionably having a positive effect is on growth forecasts – although mainly because forecasts seem to be coincident indicators more than leading indicators. In the past couple of week Morgan Stanley raised its 2009 forecast for Chinese GDP growth from 5.5% to [...]
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Posted in Asian development model, Banks, Consumption and production, Fiscal stimulus, NPLs • 77 Comments »
I guess there is nothing like a summit meeting in the sunshine island of Hainan to bring out our optimism, but the speakers at the Boao Forum over the weekend seem to have been in fierce competition to see who could more forcefully declare the global economic crisis over, at least for China. One probable [...]
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Tags: Boao Forum, Yasheng Huang
Posted in Asian development model, Consumption and production, Fiscal stimulus • 74 Comments »