Preamble If not later this week (with the release of the Centa-Citi Index on Friday around 1600 http://hk.centadata.com/cci/cci_e.htm) then at some stage in the very near future we’ll learn that Hong Kong home prices have hit new all-time highs. A little under a year ago I wrote a note* explaining how one of the key […]
Category: Thoughts
Preamble The title of this blog is inspired by a headline that appeared in The London Times on October 27th 1957 and has become an iconic quotation ever since (originally Heavy Fog in Channel. Continent Cut Off). It’s famous for highlighting the small minded yet still imperious nature of the British. Then, as now, a […]
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Renminbi weakness – All done for now?
Nial Gooding Friday, June 20th 2014 Summary conclusion A component of the decision to reverse the multi-year policy of Renminbi strength, I believe, was growth in the last two years of foreign currency liabilities assumed by Chinese borrowers. It’s too early to say whether this stitch-in-time action has been successful but if it has then […]
Nial Gooding Wednesday, June 4th 2014 Preamble The Wall Street – Main Street disconnect that’s been a leitmotiv of the US economic recovery is perplexing. Why, when everything is improving, is Main Street still so down in the dumps? The answer is important as a lack of grass-roots confidence in the US has retarded re-engagement […]
Nial Gooding Monday, May 19th 2014 Preamble Torture data long enough and it’ll tell you anything. This is especially true in China because not only do we have a lot of it these days but also it’s supplemented by work from a small army of subscription-seeking axe-grinders. In this note though, as far as it’s […]