It’s true that we’re not breaking any new ground in showing that Chinese steel production is unsustainable. But the more interesting question is why China has chosen this path. Is it to achieve the build out of national infrastructure, a process which …
April 20th, 2010 | Dan Denning | 6 comments | ContinuedAll Posts Tagged With: "Big Four"
Is It Really the End of the Dollar Carry Trade?
But as you’ll learn today, the bankers, the Fed, the media…the whole lot of them…have learned nothing from last year. The hangover was just beginning to set in, so everyone began drinking again heavily. And now the party is wild and out of control. Even the cops are drunk.
October 27th, 2009 | Dan Denning | 4 comments | Continued
Biggest Factor Affecting Consumer Price Inflation is Growth in Bank Credit
Much will be revealed this week in the Aussie market, although a lot will probably remain obscure too. Producer price data for the September quarter comes out from the Australian Bureau of Statistics. Inflation anyone? Maybe not in wages. But certainly in raw materials (energy).
October 26th, 2009 | Dan Denning | 1 comment | Continued
Rule Scrapped: Banks to Value Assets Using Mark-to-Market
Banks and others have complained that this rule distorts the price of assets for which there is currently no market, or which the banks intend to hold to maturity (meaning the current price is largely irrelevant). It’s a clever argument.
April 6th, 2009 | Dan Denning | 19 comments | Continued
