Tag Archives | sub-prime mortgages

China’s Debts: Close Your Eyes, Hope For The Best

By John Richardson

LACK of transparency is fine when any economy is booming.

Think of Indonesia pre-1998 before the fall of Soeharto. No foreign or local investor really cared that much about where the suitcases of money were going because …

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Please Be Careful Out There

By John Richardson

Quite often, a chart is worth many thousands of words. The above chart, from Bloomberg, shows the divergence between the soaring S&P 500 index and US macro-economic indicators.

The theory is that soaring equity values will be …

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China To Grow at 3 Percent

By John Richardson

THE possibility that China’s economy may not expand as rapidly in the future as in the past is never discussed in public by resources-company CEOs, said an Australian-based stockbroker.

His comments ring true for petrochemicals, also. The …

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Resolving China’s Bad Debts

By John Richardson

IS China facing a bad debt crisis as serious, or perhaps even worse, than sub-prime in the US and sovereign debt in Europe?

Despite all the bland reassurances the blog keeps hearing from chemical industry executives about the …

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