This is a reprint from a column I write for a local newspaper. — JH
If you watched the last presidential debate between President Obama and Mitt Romney you got an earful about that evil bastion of trade manipulation, China. It seems that whenever a candidate for public office is desperate to attack [...]
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 [...]
Reuters is providing advance notice that goods made in China are going to become a good deal more expensive soon; and this is expected to occur without an upward revaluation of China’s currency vs. the U.S. dollar. From the article:
“Apparel prices are going to go up. It’s as simple as that,” said Perry Ellis Chief Executive [...]
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.