Entries from Chemicals & The Economy tagged with 'banking'
China's Minsky Moment may be starting
Long-standing readers may remember the video posted in January 2010 showing 'China's empty city'. This was the new city being built in Inner Mongolia, to help ensure local officials met China's GDP growth target. Unlike the West, GDP in a...
China has "60% risk of banking crisis by 2013"
China's housing market seems to be facing the threat of a major downturn. That is the only conclusion to be drawn from the rising sense of concern being expressed by policymakers and the official media. Last year, China's Academy of...
Obama proposes $90bn US bank tax
One by one, Western political leaders are coming to the conclusion that taxes on the banks need to rise. Last month, the UK proposed a 50% 'super-tax' on bonuses, on the grounds that "investment banks are making exceptional profits as...
US interest rates turn negative
The irresponsibility of some parts of the global banking system continues to upset the blog. First, there was news that several banks are planning to award themselves huge 'bonuses', based largely on their trading success. Yet the money they are...
China's banks worry about the speculative bubble
This year, China has been the one place in the world where almost anyone can get a loan. But now, it seems policy is about to change. Zhang Jianguo, president of the 2nd largest bank, China Construction, has announced a...
Thought for the day
It is now generally accepted that reckless lending has helped cause the greatest collapse in the global economy since the Depression years of the 1930's. Yet many bankers still maintain it is vital they continue to pursue "innovation" of the...
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