Tag Archives: china
Deflation with a Capital D
There’s a good ole fashioned market panic taking place in the Far East. Buyers of Chinese stocks have become scarcer than hen’s teeth. Even the highly visible hand of the Chinese government can’t arrest the freefall. On Monday, for example, … Continue reading
China’s Exercise in Futility
At the moment, it appears the Chinese government has forestalled a full stock market meltdown. To do so, the People’s Bank of China made direct purchases of stocks trading on the Shanghai Stock Exchange. What type of chimera is this? … Continue reading
The Ghost of Mao Zedong
“Let a hundred flowers bloom.” – Mao Zedong Someone screamed “fire” in a crowded theatre in Shanghai about a month ago. For whatever reason the audience was on edge. Perhaps they were watching a suspense thriller, or maybe a horror … Continue reading
Bear Witness to the Madness
Second-rate economic data is first-rate news for Wall Street these days. We don’t quite comprehend the logic. But the popular reasoning goes something like this… Good economic data is bad for stocks. For it means the Fed will begin increasing … Continue reading
