I want to try to tease out as logically as I can the conditions under which rising income inequality can be good or bad for the economy.
Malls are starting to empty out in China, but Chinese are richer, and spending like never before.
Some activist types in New York filed a federal suit against Baidu because their political speech did not pop up in search results.
No one will be surprised by most of the trends highlighted by the survey. Higher costs, lower revenue, cautious attitudes about economic slowdown and government reform — yeah yeah, we know.
Is Microsoft leaving China users out in the cold here? I don’t think so.
“Terrorism” is not, and should not be, a magic word.
There’s ample room for optimism here: a highly-damaging IPO embargo is over, Rmb 30 billion ($5 bn) has been raised, and there’s clearly investor appetite for more new issues.
How far down can prices go? As the Mexican bank example showed, even when prices have dropped from 3-4 times book down to book, they can still drop a lot more.
As long as bad loans (as I am defining them here) are increasing, it is pretty safe to assume that the gap between China’s real economic output and its recorded output is also increasing.
China’s Capital Markets Go From Feast to Famine and Now Back Again, China First Capital New Research[2014-01-27]
The sun is shining again on China’s capital markets and private equity industry. That’s good news in itself, but is also especially important to the overall Chinese economy.
I’d like the government to liberalise the prices of at least three things: utilities, credit and the currency.
The question before us is whether Singapore will suffer a financial crisis similar to Iceland. To answer this question, it is important that we have small understanding of the Icelandic financial crisis.
An accumulation of risk factors does not guarantee a catastrophic event but only increases the probability necessitating a catalyst event to cause a crisis.
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