China

Highlights The US dollar is again being broadly supported by heightened concern that Greece’s debt/deficit issues are soon to reach a climax.  The pressure on Greece is clearly spilling over to the other Mediterranean…

Michael Pettis is out with another great piece on the likelihood that non-performing loans (NPLs) will rise in China when the present spate of malinvestment comes a-cropper.  What caught my eye were his statements about the hidden ways…

I'm not sure if more posts are coming this weekend. If not, all the best. Follow me on twitter for any other updates. Cheers. Edward Contradicting Secretary Geithner « The Baseline Scenario Hinter den Kulissen von Lehman – NZZ Online…

Asia: Asian equities rallied on improving global growth prospects, with the MSCI Asia-Pacific Index advancing for its 6th consecutive session.  The 0.3% rise puts the index at its highest level since mid-Jan.  Of note, the…

Stephen Roach is pulling no punches now. After quipping "I think we should take the baseball bat out on Paul Krugman regarding pro-protectionist statements Krugman made earlier this month, Roach has launched a blistering attack on the…

China is in the midst of an asset bubble. The evidence is clear that China's aggressive fiscal and monetary policy is causing the Chinese economy to overheat, with some predicting 12% growth for the Q1 2010. According to Marshall Auerback,…

Sorry for the lateness. I was out of pocket all day. More are coming early tomorrow morning. Cheers. Edward LA Times Sees an Oncoming Option ARM Wave : CJR FT Alphaville » Devaluing the yuan Social Security Payout to Exceed Revenue…

Greece to Default ‘At Some Point,’ UBS’s Donovan Says – Bloomberg.com FT Alphaville » Speaking of Portugal and sovereign risk: a downgrade FT Alphaville – Tracy Alloway – China’s great central economy, and big local problems…

Edward Chancellor, author of the seminal book on financial speculation and manias “Devil Take The Hindmost,” is now turning his eyes to China.  He sees a number of red flags which point to excess in China. Chancellor writes:…

FiveThirtyEight: A Closer Look At Inflation Bob Herbert – An Absence of Class in the G.O.P. – NYTimes.com Leveraged Buyout Revival Seen in Default Swaps: Credit Markets – Bloomberg.com Rio Tinto blocked from attending China trial…