This excerpt from Delanceyplace.com is from a biography of Deng Xiaoping (Deng Xiaoping and the Transformation of China by Ezra F. Vogel). Mao’s radicalism had destroyed China and the country was facing catastrophe when he took over. This brings up my youthful struggles with the age old argument of man versus history. The argument I [...]
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This is a fascinating article from the Wall Street Journal about one of China’s leading economists, Zhang Weiying, who is an adherent of Austrian theory economics. It gives you some insight into what he calls the black box of Chinese politics. But, he says he “is optimistic because he thinks 30 [...] 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 [...] This is an excellent documentary video produced by the Wall Street Journal on the Bo Xilai scandal that has shaken the Communist Party and Politburo of China’s ruling class. This gives you a glimpse into how China is really governed, and is closely resembling the former Ming and Qing Dynasties where palace intrigue and favoritism [...] OFF TRACK BEIJING (Reuters) – Dissident Chinese artist Ai Weiwei is learning a frustrating lesson about challenging Chinese authorities – he is welcome to sue the government over a festering tax case, but must first produce a company seal confiscated by police that he has no way of recovering. Ai sued the tax authorities over [...] I want to discuss some matters using links to charts. Sometimes showing trends on a five-year basis is helpful, because the computer’s smoothing dispenses with some of the short-term data (“noise) to reveal larger trends better. First, the U.S. 10-year Treasury has already mapped out a low below last year’s panic low– but now there [...] What did you think the odds were of seeing this headline when Japan was here buying up Rockefeller Center back in 1990: “In a Shift, Chinese Capital Flows to Japanese Firms.” In late ’80s and early ’90s the Japanese were here buying large real estate projects such as Rockefeller Center and the Pebble Beach golf [...] 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 [...] Just as happened after WW II and for many years, the U.S. banking system is ramping up its holdings of Treasurys. Bloomberg reports: U.S. banks bought more government and related debt in the first two months of 2012 than they did in all of last year, an endorsement of Federal Reserve Chairman Ben S. Bernanke’s [...] As a minor-league anti-war activist, Viet Nam vintage, I always chuckle when I look at how Asian stock markets are doing and near the end of Bloomberg’s list, come upon the Ho Chi Minh Index. Ha! Peace does beat elective war, indeed. Just what was the point of America joining that fight? Now Intel makes [...] |
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