Aug 15th, 2008
Today is an anniversary of sorts. Buy viagra without prescription: thirty-seven years ago, in 1971, President Nixon stunned the US by announcing the imposition of extensive wage and price controls in an effort to reverse rising inflation in the US. In retrospect it is pretty clear that the price and wage controls were unlikely to [...]
Jul 21st, 2008
A report in today’s China Daily says: Second-quarter housing prices in 70 large and medium-sized Chinese cities rose 9.2 percent year-on-year, said the National Development and Reform Commission and the National Bureau of Statistics on Monday. The rise was 1.8 percentage points less than in the first quarter. One of the regular debates [...]
Jul 11th, 2008
The only thing that has really changed is rhetoric, notably the announcement of a “tight” monetary policy. Buy cialis online uk: the impact of what has been purely a rhetorical shift suggests Beijing has more credibility than the Fed. Buy cialis online uk: neither the US nor China has much ability to raise rates, [...]
Jul 7th, 2008
Today was a very good day for the Chinese stock markets and a wonderful start to the week. The SSE Composite rose 4.6% to close at 2792, after reaching a high in the later morning of 2802 – cialis and viagra. Of course it is worth noting that in the last month we’ve seen other very [...]
Jun 26th, 2008
For most of us the purpose of traveling to a developing country is to get the frisson of authenticity that we can’t get at home, and it annoys us no end when locals don’t play their roles correctly. Last week at my friend’s wedding in Koh Samui I had to listen to a long diatribe [...]
Jun 10th, 2008
PPI numbers were released today and producer prices are up year on year by 8.2%, which is higher than April’s 8.1% and March’s 8.0%. Coal, steel, and energy price increases drove the jump in PPI. Although everyone expects May’s CPI inflation number, which will be released tomorrow, to be 7.7%, much lower than April’s 8.5%, [...]
May 5th, 2008
The stock market had another good day today. My teaching assistant Shang Ning tells me that it started the day strong, faltered in the late morning, and then finished with a burst of energy to close up 1.84%. There seems to be continued confidence in the government’s determination to prevent a further collapse in prices [...]
Apr 29th, 2008
The global slowdown and the huge uncertainty it has added to the process of evaluating the policy options available to the Chinese authorities could not have come at a worse time. Exporters are increasingly shrill about the deleterious impact of the rising RMB cheap cialis generic, although it seems to me that their real problem [...]
Apr 21st, 2008
What is 2008 CPI inflation for China likely to be? Merrill says in an April 16 research report that they except it to be 6.9% levitra without prescription, and most other bank researchers say it will fall between 6% and 7%. Are these numbers plausible? For the first three months of the year, inflation [...]