China’s Leadership in Crisis Mode

Posted by Matt in March 9th, 2010 | no comment

Published in China, beijing, China People, Crisis Mode, Domestic Consumption, Economic Model, Economy China, Equitable Growth, Export Sector, Factories, Gdp, Gdp Growth Rates, Global Economic Crisis, Gross Domestic Product, Hefty Rise, Inefficiencies, National People S Congress, Npc, Remarkable Resilience, Stimulus Package, Successes

China’s National People’s Congress (NPC) remains in session. As usual, the meeting has provided Beijing an opportunity to highlight the past year’s successes and lay out the problems that lie ahead. On the surface at least, China has shown remarkable resilience in the face of global economic crisis. It has posted enviable gross domestic product [...]

China’s Hidden Debt Risks 2012 Crisis, Northwestern’s Shih Says – BusinessWeek

Posted by Matt in March 2nd, 2010 | no comment

Published in China, Financial, Businessweek, China Crisis, Evanston Illinois, Factions, Financial Crisis, Government Debt, Government Entities, Gross Domestic Product, Hidden Debt, Interview March, Local Government, March 1, Northwestern University, Phone Interview, Political Economist, Professor Victor, Risk, Slowdown, World Economy, Worst Case

China’s hidden borrowing may push government debt to 96 percent of gross domestic product next year, increasing the risk of a financial crisis in the world’s third-biggest economy, Professor Victor Shih said.
“The worst case is a pretty large-scale financial crisis around 2012,” said Shih, a political economist at Northwestern University in Evanston, Illinois, who spent [...]

Ratings agency warns on China bank ‘bubble risk’ | The Daily Telegraph

Posted by Matt in February 13th, 2010 | no comment

Published in China, China Bank, China Daily, ChinaBubbleRisk, Chinese Banks, Daily Telegraph, Economy, Gross Domestic Product, Loan Growth, Misallocation, Ratings Agency, Risk

“The agency views ‘bubble risk’ as greatest for Chinese banks given their 32 percent loan growth in 2009; this looks likely to be followed by a further 20 percent in 2010,” Fitch said in a statement.”Credit growth of more than 50 percent over a two-year period in an economy where bank credit is already quite [...]

Biggest Bubble in History Is Growing Every Day: William Pesek – BusinessWeek

Posted by Matt in February 4th, 2010 | no comment

Published in China, Bubbles, Businessweek, China, Currency Reserves, Gross Domestic Product, History Day, Norway, Peep, Real Estate, Stocks, Trillion, William Pesek

Real estate, stocks, credit. China sure has its share of bubbles. Oddly, little attention is paid to the biggest one of all.
China’s currency reserves grew by more than the gross domestic product of Norway in 2009. Its $2.4 trillion of reserves is a bubble all its own, one growing before our eyes with nary a [...]

Fears grow of South American arms race

Posted by Matt in January 2nd, 2010 | no comment

Published in Americas, Military, 1970s, Aggression Pact, Ambitions, Big Spender, Bloody Civil War, Cabinet Ministers, Copper, Countries In South America, Fears, Gross Domestic Product, Hackles, Heavyweights, Legacy, Military Power, More Than Four Decades, Peru, Pinochet Regime, Profits, Venezuela, World Stage

Tabaré Vázquez, Uruguay’s president, recently described the arms race as a “reality”, while President Alan García of Peru sent his cabinet ministers across the region to try to broker a non-aggression pact. Brazil and Chile are the undeniable heavyweights in terms of spending. Brazil spent $24.6bn on defence in 2008, partly in an attempt to [...]

The Associated Press: Russian president: Economy sank more than forecast

Posted by Matt in October 11th, 2009 | no comment

Published in Russia, Associated Press, Dmitry Medvedev, Financial Crisis, Global Financial Crisis, Gross Domestic Product, kremlin, Measures, Russia Economy, Russia S Economy, Russian Economy, Russian President, S Gross, Worst Case Scenario

Russian President Dmitry Medvedev said Sunday that Russia’s economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country avoid the worst-case scenario.
Russia’s gross domestic product will drop by about 7.5 percent this year, compared with earlier forecasts of 3 to 3.5 percent, and industrial production fell by nearly [...]

The Associated Press: Russian president: Economy sank more than forecast

Posted by Matt in October 11th, 2009 | no comment

Published in general, Associated Press, Dmitry Medvedev, Financial Crisis, Global Financial Crisis, Gross Domestic Product, kremlin, Measures, Russia Economy, Russian Economy, Russian President, S Gross, Worst Case Scenario

Europe is in Trouble

Posted by Matt in July 18th, 2009 | 1 comment

Published in Europe, Financial, Asian Expansion, Asian Exporters, Asian Factories, Better Health, Business Strategy, Early 1800s, Emerging Market, Global Recession, Globalization, Good Business, Gross Domestic Product, Japanese Banks, Luddite, Market Expansion, Mortgage Banks, Precarious Position, Trillion, Two Edged Sword, Us Trade Deficit, Western European Banks

Globalization is a two-edged sword. On balance, it has brought prosperity to those who have embraced it, with rising lifestyles, better health, longer lives, and more. The more we need each other, the less likely it is that we’ll shoot each other. Shooting your customers is not a good business strategy. And while the growth [...]