Winds of change
In what has been the most symbolic gesture of his short term in power, incoming Chinese President Xi Jinping last week made Shenzhen the…
A matter of interest – part 2
Continued from Part 1 … To recap the lesson we have drawn here: if there is a great urgency about demand for the means of…
A matter of interest – part 1
In the bank’s most recent report on the troubles currently afflicting the Ozzie mining boom, ANZ made the following pertinent observation:- While most first-generation…
Plus ça change
Conveniently coming just in time for the crucial Party conference, the official China PMI index inched above the 50-level watershed and so was enough…
Hope springs eternal
The minor uptick in China’s ‘flash’ PMI estimate for October – from 47.9 to 49.1 – has sparked the usual explosion of uncritical hopefulness…
Teach a man to fish
After the recent sharp rally, October finds financial markets stuck in something of a pause now that the buy-the-rumour-sell-the-fact nature of the FOMC’s decision…
The blind archer
Finally, the great day has come and gone when the Fed would once again ride to the action, not daring to be left behind…
Here be Draghis
In an impassioned article carried in the FAZ last week, Otmar Issing bewailed the ongoing ‘Crisis and Leviathan’ push towards a greater centralization of…
Storing up trouble
With the release of the ‘flash’ PMI for China, a further setback has been suffered by the eternal Polyannnas who expect a recovery to…
The wasteland
The world of ‘alternative’ energy has been no stranger to embarrassment of late, whether it be leading windmill-maker Vestas’ 96% plunge to a 14-year…