By John Richardson IF the US Fed’s polices are working why is AP Moller Mearsk – the shipping company which is widely seen as a proxy for global trade – cutting costs and reducing capacity? Probably because as Henny Sender wrote in the Financial Times: “It is clear that the Fed’s quantitative easing is not […]
Asian Chemical Connections
More evidence of China’s export rebound
Source of picture: Businesweek More evidence is emerging of the big rebound in Chinese exports resulting from government subsidies, including a Yuan now pegged to the dollar, soft and plentiful bank loans and export-tax rebates. More than 9,000 quality control inspections of goods set for overseas shipment took place in Q3 this year – […]
Is China repeating the mistakes of the US?
My current favourite blogger is Michael Pettis, professor at Peking University’s Guanghua School of Management, who, in his latest post, makes a very worrying point below. As an aside, and without wanting to take the 1930s analogy too far, this debate in China is a little like the split in the 1930s between the internationalists […]
I will wait for this Lego truck to hit S$100
LyondellBasell, Volker Trautz, Lego, recycling, deflation, financial meltdown
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