China & Bond Market Are Quicksands Part 2
Continued from Part 1. SO WHAT IS THE OUTLOOK FOR CHINA & GLOBAL ECONOMY? Notwithstanding the weaker crude, bulk commodity prices & Yuan’s August devaluations, September trade figures in Yuan-denominated terms, indicate weak domestic demand and tepid external conditions. The downward pressure on the Chinese economy...
China & Bond Market Are Quicksands Part 1
In my January 2015 write-up, Global economy – Quagmire & Quicksand, I alluded to 2015 will see a more stormy global economy and volatile financial markets than the year preceding. [ LINK ]. Goldman Sachs (GS) preferred a much more benign positive outlook, forcasting global growth poise to accelerate and US striking...
Why no ‘poverty line’ in S’pore?
Lowest welfare, healthcare & education spending in the world 1 in 5 Hong Kongers in poverty I refer to the article “One in five residents lives in poverty: Report” (Straits Times, Oct 13). It states that “One in five Hong Kongers lives in poverty … the poverty line is set at half the median household income”. According...
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