Tag Archive: services

China’s Global Slump Draws Closer

2018-12-04

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2018-12-04

China Manufacturing PMI, Caixin and Non-Manufacturing PMI, May 2010 - Nov 2018
By the time things got really bad, China’s economy had already been slowing for a long time. The currency spun out of control in August 2015, and then by November the Chinese central bank was in desperation mode. The PBOC had begun to peg SHIBOR because despite so much monetary “stimulus” in rate cuts and a lower RRR banks were hoarding RMB liquidity.

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The Currency of PMI’s

2018-05-27

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2018-05-27

US Markit PMI and GDP, Jul 2012 - May 2018
Markit Economics released the flash results from several of its key surveys. Included is manufacturing in Japan (lower), as well as composites (manufacturing plus services) for the United States and Europe. Within the EU, Markit offers details for France and Germany.

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Industrial production: The Chinese Appear To Be Rushed

2018-01-04

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2018-01-04

All China's Dollars, Aug 2016 - Jan 2018
While the Western world was off for Christmas and New Year’s, the Chinese appeared to have taken advantage of what was a pretty clear buildup of “dollars” in Hong Kong. Going back to early November, HKD had resumed its downward trend indicative of (strained) funding moving again in that direction (if it was more normal funding, HKD wouldn’t move let alone as much as it has). China’s currency, however, was curiously restrained during that...

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Global Inflation Spikes Up, Are You Sure About What You Are Doing Mr Draghi?

2014-06-04

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2014-06-04

global inflation
  The European Central Bank (ECB) has the habit of reacting late. As seen in July 2008 and July 2011, the ECB is often the last major central bank to hike rates. They hike rates at the moment when others prepare for a recession or a significant slowing. Currently we are witnessing the opposite movement: The world is getting … Continue...

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Eurozone PMIs (outdated)



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