Tag Archives: people’s bank of china

Significant Yuan Devaluation Imminent

The Department of Commerce reported last week that U.S. gross domestic product grew at a 2.1 percent annual rate during the third quarter, not the 1.5 percent rate previously stated.  Apparently, private inventory investment was greater than initially estimated.  Nonetheless, … Continue reading

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Constructive Simplicity for China’s Communist Party Plenum

The People’s Bank of China cut benchmark interest rates by 0.25 percent on Friday.  This was the sixth time they’ve lowered interest rates within a year.  Bank reserve requirements were also reduced by 0.5 percent. Economic growth has gradually declined … Continue reading

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The Fatal Dangers of a Fading Bull Market Run

It is too bad that mobile devices don’t set off a signal before their users do something terminally stupid.  Perhaps a warning alarm would help them change course.  Rather than texting and walking in front of a city bus, the … Continue reading

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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

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