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In Advance Of PBoC Rate Hike This Friday, Here Are All The Chinese Charts That's Fit To Print
Confused what the upcoming rate hike in China means for the domestic economy (if reports of an imminent rate hike are to be believed), bursting of the global credit bubble aside? Luckily, here is JPM's Jing Ulrich (no relation to Lars) with all the charts one needs and then some to make some sense out of the most complicated and misrepresented control economy in the world.
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China thinks US in worse shape than Europe. We have 6-12 months before the cat gets let out of the bag.
http://www.cnbc.com/id/40562679/
LOL
The cat's already out of the bag. It will be 6 to 12 months before we receive official confirmation.......just in time for a massive QE 3.0 to the 10th power.
Im think QE has lost all credibility. Id bet if Bernanke abbounced a new QE4 of $10 trillion today, it would just cause sell offs. Everyones tired of sugar coated turds being shoved down our throats.
Agreed. This is like waterboarding. It's been pouring bonds and bullshit for so long people are starting to cry uncle.
Waterboarding Queen Elisabeth is a horrid plan
That's because the 'sugar' coating is also turd.
I wonder if the US was forced to use exactly the same methodology as the Eurozone to calculate GDP, how much would it fall by? My guess 20% isn't far off...
No question US is in worse shape than Europe. Just takes a chipmunk running across the snow to set off an avalanche. How long it takes for the obvious to become clear, who knows, but its not much time thats for sure. We've got world wars brewing up, every day now is just borrowed time in my view.
It does not really matter if the US is worst or better off than Europe. I think the US is actually in better shape than Europe (not by much).
The key is who will default first? Europe is going down in flames before the US. The US is under the reserve currency (at the moment) and has a united front in the gov't to keep it so. Europe is just hosed.
...Japan?
http://www.TheTailDoesNotWagTheDog.blogspot.com/
Ahhh yes, our black swan in the East. While waiting for the kettle boil in Europe, Japan might drop the big one. With 200 % debt/gdp and rapidly shrinking exports, it is an certainty in the future.
on another note....ZH see this? http://blogs.houstonpress.com/hairballs/2010/12/wikileaks_texas_company_...
Dyncorp providing child prostitution rings...
This can't be true because I didn't read about it in the mainstream media. Oh, child prostitution is certainly true. But our God fearing USA corporations would never participate in such a thing. Never!
<sarcasm off>
Everytime I see the letters JP followed by Morgan, my blood boils.
thx zerohedge this is why i visit this site!! (of course the data themselves are unreliable)
Is this the kind of report that the big banks were claiming as "research expenses" when they were out on the town "snorting" and "hookering" it?
And I could've sworn I've seen that picture or scenery somewhere here in our great nation.
Speaking of JPM, note how they along with the other big banks are rallying? Looks like "Operation Bonus Pool Flood" is in its final stages.
After your third house in China, no more credit for you! Draconian.
Somewhere in China a mother and her children are having dinner, and she is telling them to finish all the food on their plates because there are 42 million Americans on food Stamps who would be grateful for it.
LOL! Awesome man...
Dems trying to add BAB's to tax extension bill. Ugh!
This is probably why gold is getting killed today, no?
It wasn't killed yet?
It probably plays a good part in today's selling, but if memory serves me correctly, the last time China hiked their rates, PMs tanked and recovered to make all new 52 highs in a very short period of time. Buy physical on the dips.
There is no deleveraging
The Fed isn't printing money
PMs aren't getting killed
You must seize this opportunity and buy the dips!
/s
"Roger that!" -Average sucker retail investor
it's so cute how they can be frank and clearcut about china's money supply increase as being the homegrown cause of inflation, yet, according to BurnYankees it's somehow not the same for the USSA... I've watched the "secret of oz" and am grappling with one question. Is it true that it only matters who is in control of the money supply? Is it true that if we take back control of the printing press in a democratic manner that life as we've come to know it could continue? (i'm talking about consumerism, capitalism, entrepeneurialism, research & development, & scientific study)
If spending is out of control, the money must be printed at some point. Especially when the spending is on non productive jobs.
We may be screwed WRT life as we used to know it. We passed the point of no return years/decades ago.
Who wouldn't love to look back on this world a century from now.
gold has certainly taken a beating the past couple of days since the new intraday high, $20 vertical drops and whatnot.
Also, the bond selloff must be disconcerting as it suggesting US default of some kind.
As the market isn't exactly stampeding to new highs, one is left to wonder where the fuck the money is flowing to. The yield curve carry isn't exactly that rich, and EMs aren't making new highs. In the 30s, the 2nd wave of the move down included a massive bond selloff culminating in brute force devaluation. The action in TLT has been brutal since 108; someone should compute how much extra interest the US is supposed to cough up as a result of this yield move.
Either way, if QE2's purpose was to maintain yields where they were, it has been an utter failure.
...and fuck china.