This piece on China comes from the NY Times and is written by George Mason University professor Tyler Cowen. Professor Cowen famously has written why he is not an “Austrian” economist yet he hews closely to its ideas. In this piece he compares the Austrian economic theory analysis of China to [...]
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This report comes from Markit which does an excellent job of summarizing what is happening to China’s economy. They are slowing because of two things: the failure and fallout of stimulus (monetary and fiscal), and weakening export markets. They are exhibiting a classic response to the laws of economics as economies built [...] TM@DB Research EMU Divergence Markets and journalists are discussing (once again) the one-size-fits-all problem of ECB policy, with the Bundesbank questioning the generous provision of liquidity and its reignition of the exit debate pouring oil into the fire. Yes, the economic paths for the peripherals are severely uphill, but reforms being implemented should allow for [...] In case you haven’t noticed, the rest of the world continues to slow down and the negative data is accelerating. The big powerhouses of the world, the eurozone including Germany, Japan, and China are leading this trend and there is no reason to believe that the U.S. will not follow. I’ve been writing about this [...] This article is from Sovereign Man, whose e-mail reports I get daily from Simon Black, who must be the most traveled man in the world. They specialize in finding advantageous places for people who would chose an expatriate life (“Survive and thrive in the Age of Turmoil”) and his commentary is usually pretty interesting. Today’s [...] This is an unfailing indicator for China. Sounding the latest alarm about slowing economic growth in China, Mercedes-Benz on Friday said luxury-car sales gains slowed in what has been its fast-growing major market. The sales environment for Daimler AG’s luxury car brand Mercedes-Benz is turning “a bit more challenging” in China, as sales growth slowed over the [...] Remember when everyone back in 2009 and 2010 was saying that China would lead us out of the recession? Do you recall the lonely voice of the Daily Capitalist saying that it was “we”, the U.S. and EU, who would lead China out of the recession? The latest Manufacturing PMI from Markit pops the common myth [...] We think that China is an indestructible economic juggernaut but its economy is very fragile and it is sitting on a property bubble which will burst. What China does in response has major implications for their economy and the rest of the world. This is the first part of a three-part series on this topic. [...] China has created a new housing bubble. Here are some excellent reports on what the bubble looks like and some ominous glimpses on how it may end. Like all bubbles it will burst and the economic fallout will impact China’s economy and the U.S.’s. The frenzy indicates that the blow-up will occur [...] By Jeff Harding There have been a flurry of data lately which impel many commentators to declare that the recession is over. They may be right or wrong. But let me discuss the data from my perspective. First, let’s keep in mind some underlying basic structural changes in the economy that will affect future outcomes: [...] |
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