Category Archives: China

HSBC’s China PMI Turns Up

Posted on October 23, 2011 by macromon

This is going to catch many leaning the wrong way.  The Australian writes, THE preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rebounded strongly in October, rising to 51.1 from a final reading of 49.9 … Continue reading →

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China’s U.S. Debt Holdings

Posted on October 19, 2011 by macromon

                     (click here if chart is not observable)

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In China, Black Market iPhone Costs $1700

Posted on October 17, 2011 by macromon

(click here if video is not observable)

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China’s Dwindling Trade Surplus Signals Weak World Economy

Posted on October 16, 2011 by macromon

(click here if video is not observable)

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First and Goal for Risk

Posted on October 10, 2011 by macromon

We asked last week if the S&P500 (our proxy for risk markets) was capable of clearing the “red zone”,  the zone of resistance between 1175-1195, which included the 50-day moving average.  The market’s answer?  Like a hot knife through butter! … Continue reading →

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Local Government Financing in China

Posted on October 6, 2011 by macromon

Yikes!  Look what California’s dependence on tax revenues from the dot.com and housing bubbles did to that state’s fiscal health.   We’re going to see some fugly naked bodies when the tide recedes in China.   Keep this one on your … Continue reading →

Posted in Black Swan Watch, China, Muni Market, State and Local Government | Tagged , , | 3 Comments

China Notes from the Yum! Brands Earnings Call

Posted on October 5, 2011 by macromon

Today’s Yum! Brands’ earnings conference call was dominated by China.  Management talked a lot about commodity inflation running around 8 percent and 20% labor inflation, which they do not yet see abating.   This doesn’t square with the August official inflation … Continue reading →

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Hang Seng Down 5 percent in Morning Session

Posted on October 2, 2011 by macromon

The Hang Seng is really taking it on the chin in the morning session.  Recall the Hong Kong index is one of our leading indicator species for global risk appetite.  We don’t know what the Hang Seng’s swan dive this … Continue reading →

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Gold Dispensing ATMs Arrive in China

Posted on October 1, 2011 by macromon

Here’s something the Chinese can celebrate on their National Day, the celebration of the 62nd year of the communist party’s rise to power.  These machines are made in Germany and  illustrate the growing influence of China as a destination of … Continue reading →

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Third Macro Panda Huffs and Puffs…

Posted on September 29, 2011 by macromon

Over the weekend we posted a piece on the three McBears weighing on global markets.  As all eyes continue to focus on Europe the third macro bear — China — is beginning to growl a little louder.   Greece is no … Continue reading →

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