By John Richardson The chairman of China Construction Bank has spoken about the dangers created by China’s GDP (gross domestic product) expanding by more than 9.5% in 2010, which, according to many analysts, seems highly likely: GDP is estimated to have risen by 11-12% in Q1. “It (too-rapid growth) will mean more duplication of construction, […]
Asian Chemical Connections
Falling China license plates a lead indicator?
Source of picture: Chinaenvironmentallaw.com Talk around the water-cooler in Shanghai offices at the moment is the fall in the cost of a car-license plate in September to a lowest bid of Yuan 27,000 ($3,953) from around Yuan 36,000 in August. “It surprised everyone because the forecast had been for the price to actually go up […]
The more you look at the data…..
Deep in the heart of the great wealth gap Source of picture: Blogmlive.com ….the more convincing seems to be the argument that financial and commodity markets have got way ahead of the recovery in the real economy. Take a recent Credit Suisse report, for instance. Its analysis of monthly apparent demand in China, up until […]
Artificial price support about to disappear
Source of picture: gilesbowkett.blogspot.com The excellent daily energy and shipping report, The Schork Report said today that the bottom had “fallen out of the entire (energy) complex.” With the Bulls on the defensive, the authors believe that crude could retreat towards $60/bbl. Natural gas markets are so oversupplied that prices in the region of $2/mBTU […]
Do you need a Joseph Kennedy moment?
Referring to the famous story about how Joseph Kennedy sold his shares on the eve of the Wall Street Crash after being given investment tips by a shoe-shine boy, my answer to the above is a definitive YES. Over the course of rest of this week I am going to detail why I think reports […]
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