Posts tagged 'Michael Pettis'

China’s Pettis moment

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Apr 16 11:30 | Comment |

The reactions to Chinese macro data tend to go something like this…

Beat: Bulls are okay with this. Bears say it’s unsustainable, usually because of inflationary risks, policy tightening risks, credit risks, or the imbalances. FT AV commenters say the numbers are made up anyway.

Miss: Bears are okay with. Bulls say not to worry as it means more stimulus/loosening will happen. FT AV commenters say the numbers are made up anyway. Read more

Does the world really need China’s rapid growth?

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Sep 13 2012 12:14 | Comment |

The mood at the World Economic Forum this week in Tianjin has been a study in contrasts — bullish foreigners and gloomy Chinese.

As the FT’s Jamil Anderlini reports: Read more

The China OMG moment

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jul 02 2012 12:15 | Comment |

It seems that lately every time we come back from holidays look around, people are becoming ever more freaked out about China. Josh Brown has possibly the best headline of the latest lot. Josh’s shock and awe was prompted by a Barron’s cover story on China which we agree is a very good read, although it covers a lot of ground that’s already appeared here, among other places. Nomura’s 1-in-3 chance of a hard landing call, the economic imbalance, misallocation and over-capacity, property bubbles, Nicholas Lardy, unfavourable demographics, bad loans being rolled over, rising wages, capital outflows, and… you get the idea. Plus this eye-catching quote from Jim Chanos:

“I’m being conservative when I say that the coming bust in China‘s real-estate market will be a thousand times that of Dubai,” Read more

Spain, Bankia and the credibility problem

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| May 30 2012 12:44 | Comment |

Spain’s government has been left looking increasingly desperate/reckless/ineffective by its plans to rescue Bankia, as today’s FT describes:

Mr Rajoy and his government are facing growing domestic criticism over repeated errors of strategy and communication, which that have given an impression that Madrid has run out of ideas on how to handle its financial and economic crises. Read more

Michael Pettis challenges The Economist, global economic bragging rights and sweet gig for Chinese band at stake

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Mar 28 2012 19:17 | Comment |

At the end of last year, The Economist predicted that Chinese GDP would surpass US GDP at market exchange rates in 2018. (Click table to enlarge)

 Read more

China is not rebalancing a) yet, or b) enough

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jan 25 2012 10:20 | Comment |

Answer according to your view on the very important question of China’s economy rebalancing towards a higher consumption-to-GDP ratio.

The debate isn’t really about whether China needs to or will inevitably rebalance, but whether it already has begun to do so. A note from Barclays Capital by Yiping Huang made the case that household consumption as a proportion of GDP is already beginning to rise. Read more

Is China already rebalancing?

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jan 09 2012 10:25 | Comment |

There is plenty of disappointment floating around concerning the big Chinese finance policy meeting which ended on Saturday. The general criticism is the lack of a signal of any concrete moves – but particularly, on interest rates for depositors.

Or as SocGen’s Wei Yao wrote: Read more

Alphachat: Sal Arnuk on high frequency trading

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Dec 19 2011 14:05 | Comment |

It’s taken a while but our second podcast, a discussion with Sal Arnuk about high frequency trading, is now live.

(You can find our first podcast with Michael Pettis, on the Chinese economic model, here.) Read more

Pettis and Kroeber go glass-half-full on China

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Nov 08 2011 13:12 | Comment |

Well, everyone needs a change sometimes.

We’ve written about so much bearish questioning on China that it wouldn’t be fair to ignore a couple of more upbeat comments from economists who are not the usual China bulls. Read more

China’s medium-soft landing

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Oct 04 2011 13:00 | Comment |

The bearish-on-China is going all mainstream on us. Or at least, more prominent. For example, 12 per cent of economists in a Bloomberg survey last week believe the country’s growth will fall below 5 per cent.

Well, a more convincing rebuttal to this than a Chinese State Council official comes from Standard Chartered’s chief China economist Stephen Green. Read more

Stop worrying about China and US Treasuries

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Aug 17 2011 17:49 | Comment |

An exasperated Michael Pettis always makes for an enlightening Michael Pettis column.

This time he trains his eye on the possible implications of the recent announcements by China that this time it means what it says about diversifying its reserve holdings out of USD assets. Sure. Read more

Introducing Alphachat, the FT Alphaville podcast

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Jun 16 2011 17:25 | Comment |

We’re trying something new here at FT Alphaville, and like all our experiments we have no idea how this one will turn out.

We’ve started a podcast, which you’ll find below alongside a bio of our guest, a guide to the themes we explored, and links to which we refer. There’s also another audio file of outtakes with questions and answers that we couldn’t include in the podcast itself because of time constraints. Read more