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Monthly Archives: June 2013
China slowdown now clear and present danger
“Concerns about China’s economy intensified Thursday after a private measure of manufacturing came in at its lowest level in nine months. The HSBC/Markit flash China PMI survey also featured a steep drop in new export orders, indicating China is suffering … Continue reading
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Chinese government shifts to tough love for reckless lenders
The Chinese government seems to have shifted tactics in its support for lenders. Over the past 2 weeks, they have refused to inject more funds into the banking system despite a near tripling of short term money market rates as … Continue reading
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The plight of over-promising
The business media is clamoring to post headlines designed to talk capital flows back into risk markets this morning. So far it is not working. It is not that economic news has suddenly become dramatically worse. The global economy has … Continue reading
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