China

It’s curious how one and the same message is emanating from both Beijing and Berlin at the moment: “don’t blame us, it’s not our fault”. And it isn’t. According to the Financial Times, the Chinese Authorities spent their morning pushing…

I was talking to a friend of mine who does emerging market investing for a living and I asked him what he made of recent China-bullish comments by Stephen Roach.  The Morgan Stanley Asia head was in Germany speaking to German…

China Britain warns China against protectionism – Telegraph FT.com – China calls currency pressure 'protectionism' Chinese Premier Warns of 'Double Dip' Recession – WSJ.com Paul Krugman – Taking On China and Its Currency –…

Highlights The US dollar is mixed against the major and emerging market currencies.  The euro is consolidating in yesterday’s range as bonds stabilize and despite a smaller than expected German trade surplus.  Comments from EU…

AIB has the 'worst loan book' ever seen in Europe - Irish, Business - Independent.ie China Blames U.S. for Strained Relations - NYTimes.com FT.com – Gideon Rachman – Japan edges from America towards China Why do journalists expect to…

Social networks and the massive migration within China | vox Wirtschaftswunderland China: Der Weltfabrik gehen die Arbeiter aus – SPIEGEL ONLINE – Nachrichten – Wirtschaft Economic View – Rethinking the Government's Role in Housing…

Michael Pettis really gets at the heart of the fallacious argument that China is somehow bankrolling the United States government. The fact is the Chinese have fixed their currency at an exchange rate which induces a current account surplus…

When is a Fraud Not a Fraud? (Greece-Goldman Edition) – naked capitalism The Greek derivatives aren't Goldman's fault | Analysis Borg tror inte Greklands plan räcker – DN.se Lenihan offers advice to Greeks on cutting deficit –…

Folks, if I can get out of here , I will.  I need the sun and that relaxation that only Mexico can provide.  So expect light posting next week.  Meanwhile, DC expects yet more snow on Monday (ha ha ha – Schadenfreude – ha…

Given my post on Jim Rogers’ doubting Chanos’ knowledge about China, I thought it appropriate to post the latest Chanos interview on the China property bubble.  This call by Chanos is really setting us up for some seriously…