EYE on the World - WHAT a Week! China, Hong Kong, Japan, Greece...

WHAT a Week!

 Chinese Exports #Meltdown by 25.4% YOY 

  

China’s export slump deepened in February, highlighting the challenge for policy makers seeking to keep the economy humming at home while trade acts as a brake on growth. 

The week-long Chinese new year holidays fell in February this year, closing factories and curbing shipments. That saw exports tumble 25.4 percent in U.S. dollar terms from a year earlier, the biggest decline since May 2009. Imports extended a streak of declines to 16 months, slumping 13.8 percent, leaving a trade surplus of $32.6 billion. 

http://pwa2100.blogspot.ca/2016/03/chinese-exports-meltdown-by-254-yoy.html

Bond Yields Sinking to Crazy New Lows

Government bond yields in Japan on Tuesday fell to record lows, and the ripple effect pushed down yields in the U.S., Germany and the U.K.

Strong auction demand for a 30-year Japanese government bond sent investors piling into bonds. The buying sent the yield on the benchmark U.S. 10-year note below 1.9% again and stalled the yield’s uptick momentum over the past month. As bond prices rise, yields fall. 

http://pwa2100.blogspot.ca/2016/03/bond-yields-sinking-to-crazy-new-lows.html

Hong Kong YOY Home Sales Meltdown, UNREAL 70%

The End of Good Times  

"Home prices in the city surged 370 percent from their 2003 trough through the September peak, spurred by low mortgage rates, tight supply of new units and buying from mainland Chinese. This year, BOCOM International Holdings Co. property analyst Alfred Lau has said prices could fall 30 percent amid a slowdown."

http://pwa2100.blogspot.ca/2016/03/hong-kong-yoy-home-sales-meltdown.html

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 Optimism Over Climate Change Progress Premature?

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Comments

These are just a few of the possible facts out there that contradict Al Gore's assertions that we are somehow making progress. Have the icecaps stopped melting? Just saying we are reducing  carbon emissions 

​or made a bunch more solar cells  and so on,  ​

should not give anyone 

​real ​

comfort.  The state  and trends for all positive 

​climate ​

feedbacks loops needs to be identified  and monitored, otherwise we have no comprehensive idea as to what 

​the true ​

 

​trends and ​

state  the climate system is   

​- ​

along with the other integral biosphere systems that affect it.

​ ​

Let's be real and remember too that Al Gore is also a long-term politician who by the 

​ 

very nature of their roles often mislead, exaggerate and cloud the truth. Awareness of  these occupational hazards and habits alone speaks volumes , particularly as there is much  contrary evidence that the  comprehensive climate system is not improving.

​In

 sum, ​

it all sounds like more of the same ole political snake oil, so...​

http://www.drkinesa.blogspot.ca/2016/03/optimism-over-climate-change-progress.html

We're just not buying  it!

Reality Check: Saudi Arabia is Going Broke!

Road to Poor House?

"All the Saudis have done is create an existential crisis for  themselves.

If the Saudis don’t stop flooding the market—and there are no signs they will—they won’t be

 shooting themselves in the foot… but in the head. Saudi Arabia will either collapse or surrender—and stop flooding the market.

Either way, oil will eventually go a lot higher." 

http://pwa2000.blogspot.ca/2016/03/reality-check-saudi-arabia-is-going.html

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Greenspan Warns Exuberant " Bond Bubble To Bust"

Greenspan warns about bond-market bubble

: Former Federal Reserve Chairman Alan Greenspan is sounding the alarm about a bubble that he believes is forming in the bond market.

In two television interviews in recent days, Greenspan said interest rates could shoot higher and derail the economy when the bubble bursts.

The former Fed chairman says the current situation in the bond market is comparable to what happens in the stock market during an equity bubble.

Noting that stock-market bubbles are typically characterized by extreme price-to-earnings ratios, Greenspan said extremely low yields are telling a similar tale for bonds.

“If you turn the bond market around and you look at the price of bonds relative to the interest received by those bonds, that looks very much like the usual spread which would concern us if it were equities, and we should be concerned,” Greenspan said in an interview with Fox Business Network.

The World's Top China Analyst Has A Doomsday Scenario

There are China analysts, and then there is Charlene Chu.

She has been called a rock star of Chinese-debt analysis. Money managers the world over pay tens of thousands of dollars for access to her research at her new firm Autonomous Research. Her reports are rarely leaked, and she rarely gives interviews.

Business Insider got a glimpse at a massive report she wrote at the end of July.

This was when everyone was freaking out about the precipitous fall of China's stock markets, and it predates the Chinese authorities' decision to devalue the yuan.

Her base case in the report was for Chinese authorities to maintain stability of the equity market and forestall contagion.There is also a doomsday scenario, however, in which there is contagion to other domestic and international markets, large capital outflows, and an acceleration of problems associated with financial-sector weakness and corporate indebtedness.

The report said: "This in turn would likely lead to a significant pullback in credit, putting the brakes on GDP growth and bringing an end to China's decades of stellar economic growth. At that point, social and political stability — the critical wild cards in this equation — could come under question."

This is what doom looks like

Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing

Growth in OPEC’s biggest exporter will slow to 2.8 percent this year and 2.4 percent in 2016 after oil prices slumped, the Washington-based IMF said in a statement on Monday. If spending isn’t curbed, its fiscal deficit would be “very large” this year and over the medium term, it added.

Brazil Stocks Extend Six-Day Slide as 

Gol Sinks on Economic Woes

“Moody’s isn’t the only one predicting that growth will be slow to rebound,” said Ari Santos, a trader at Sao Paulo-based brokerage H.Commcor. “Looking forward, we’ll have a stagnant economy, with no growth and no outlook to grow.”

Brazil’s Political Crisis Puts the Entire

Economy on Hold

In the midst of its deepest economic and political crisis in a generation, Brazil is contending with a business climate so punishing that major projects across numerous sectors are being frozen or shrunk, while small businesses slash prices and shift focus.

Singapore bankers rattled by Asian

moves to chase undeclared wealth

Singapore-based wealth managers, already under pressure from a global move towards tax information sharing, face a more immediate threat as Asian countries including Indonesia and India look to chase undeclared money in the low-tax city state. A global crackdown on tax evasion launched during the 2008 financial crisis has already forced Switzerland and other European offshore hubs to surrender their prized bank secrecy.

Private Sector UK Pension Deficit Reaches £900 Billion

The combined deficit of private sector DB schemes in the UK

 now stands at around £900 billion, up from £250 billion

 since the start of the millennium, despite companies pouring

 in £500 billion towards pension saving over that time.

 According to Hymans Robertson, the stark figures highlight

 that for too long pension schemes have been taking too 

much risks

Originally Published

 Investors' Insights 

http://pwa2100.blogspot.ca/2015/08/greenspan-warns-exuberant-bond-bubble.html