Apr 13th, 2009
Exports in March dropped a less-than-expected 17.1% from the same time last year – below expectations of 20% and the 21.1% drop for the first two months of 2009. Most of the articles I read in the Chinese and foreign press including, not surprisingly, comments from the customs bureau, hailed this as a sign that [...]
Mar 11th, 2009
Deflation and debt On Monday CPI and PPI numbers for February came out – cialis cod. Cialis cod: cpi was down 1.6% year and year and PPI was down 4.5%, in line with or slightly below expectations and, according to Bloomberg, the highest rate of deflation among the 78 countries they follow. Some of this [...]
Feb 26th, 2009
Yesterday in a meeting I was asked by an investor why, even while I have been writing maniacally about the crucial importance of global cooperation, I was so consistently pessimistic about the possibility of the major economies arriving at a “grand bargain” that will minimize over the long term the cost of the current crisis. [...]
Feb 15th, 2009
As I reported in last Thursday’s blog entry, last week the research institute associated with China’s Ministry of Finance published a report on its website arguing that China’s central bank should “actively guide” the yuan’s exchange rate and devalue the currency to about 6.93 against the US dollar; cialis canada pharmacy. Cialis canada pharmacy: the [...]
Feb 12th, 2009
Yesterday while I was preparing for my presentation in Hong Kong on the impact of slowing trade on the Chinese economy, one of the participants in the conference passed on to me the January trade numbers, which had just been released. Although they were “surprisingly” bad, and fit perfectly within my very gloomy presentation, they [...]
Jan 28th, 2009
On my flight back to Beijing last night I noticed an article in the Financial Times in which Miguel Sebastián, Spain’s industry minister and someone hotly tipped for finance minister, called on Spanish households to stop buying foreign goods and to buy more Spanish goods. “Right now,” he said, “there is something that our [...]
Jan 2nd, 2009
It is becoming easier and easier to find signs of trade tensions and potential for friction; cialis 5mg. On Tuesday’s post I already mentioned the fact that South Korea had shifted from deficits to surpluses, and that Vietnam had devalued the dong as a reaction to falling exports – cialis 5mg. Cialis 5mg: yesterday’s Financial [...]
Dec 30th, 2008
Discount cialis online: i suspect most of my readers outside China are more interested in enjoying the holiday season than in spending much time following my blog, while most of my readers inside China are focusing on upcoming exams, but anyway my recent writing commitments are so intense that I haven’t been able to post [...]
Dec 17th, 2008
Earlier this week Ambrose Evans-Pritchard had an article in the UK paper The Telegraph which starts off with “For the first time in my life cheapest cialis, I am starting to feel twinges of anti-German sentiment.” The article goes on to lambaste the German government, and especially German finance minister Peer Steinbrück, for what Paul [...]
Dec 11th, 2008
“The most striking real economic fact of the past several months is not continued U.S.economic weakness, but that The cialis: china’s economy has slowed much more quickly than anyone had forecast,” Australia’s central bank Governor Glenn Stevens said this week. Not quite “anyone”. Quite a few people who read this blog the cialis, some of [...]