base effects

China Prices Include Lots of Base Effect, Still Undershoots

By |2018-03-09T17:04:12+00:00March 9th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

By far, the easiest to answer for today’s inflation/boom trifecta is China’s CPI. At 2.9% in February 2018, that’s the closest it has come to the government’s definition of price stability (3%) since October 2013. That, in the mainstream, demands the description “hot” if not “sizzling” even though it still undershoots. The primary reason behind [...]

No China Trade Interpretations

By |2017-02-10T12:50:37+00:00February 10th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The National Bureau of Statistics (NBS) of China does not publish any of the big three data series (Industrial Production, Retail Sales, Fixed Asset Investment) for the month of January. It combines January data with February data because of the large distortions caused by Lunar New Year holidays. Unlike Western holidays that are but a [...]