china

The Relevant Word Is ‘Decline’

By |2018-12-14T16:44:35+00:00December 14th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The English language headline for China’s National Bureau of Statistics’ press release on November 2018’s Big 3 was, National Economy Maintained Stable and Sound Momentum of Development in November. For those who, as noted yesterday, are wishing China’s economy bad news so as to lead to the supposed good news of a coordinated “stimulus” response [...]

China Going Back To 2011

By |2018-12-10T12:33:58+00:00December 10th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The enormous setback hadn’t yet been fully appreciated in March 2012 when China’s Premiere Wen Jiabao spoke to and on behalf of the country’s Communist governing State Council. Despite it having been four years since Bear Stearns had grabbed the whole world’s attention (for reasons the whole world wouldn’t fully comprehend, specifically as to why [...]

Converging Views Only Starts With Fed ‘Pause’

By |2018-12-06T18:25:19+00:00December 6th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There’s no sign of inflation, markets are unsettled, and now new economic data keeps confirming that dark side. Forget each month, every day there is something else suggesting a slowdown. That much had been evident across much of the global economy, but this is now different. The US has apparently been infected, too, not that [...]

China Softly Weakens Some More

By |2018-11-14T15:37:47+00:00November 14th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There was nothing really shocking about China’s monthly economic statistics for October 2018. The Big 3, Industrial Production, Retail Sales, and Fixed Asset Investment, all continue along in the same way. The Chinese economy is not crashing, it may be slowing, but most of all there isn’t any more upside. It’s the last one that [...]

China’s Pooh Lesson

By |2018-11-13T17:49:28+00:00November 13th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s one of those “nothing to see here” moments for Economists trying not to appreciate what's really going on in China therefore the global economy. The slump in China’s automotive sector dragged on through October, with year-over-year sales down for the fourth straight month. Auto sales last month were off 12% from a year earlier [...]

Why Chinese Authorities Are Freaking Out

By |2018-11-09T12:03:43+00:00November 9th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s always a fine line for authorities. There are times when avoiding intervention is more effective than intervention. That’s particularly true when the efficacy of whatever proposed policy is in doubt. If you don’t know for sure that it will work, maybe don’t do it. There are often grave risks associated with plunging forward recklessly. [...]