Bailout and Financial Crisis News

Morgan Stanley just released a research report that painstakingly details the current state of our global economy. Inside the 88-page report is a section called “Charts You Can’t Miss.” It’s broken down in the following order of countries: Global economy, Europe, Asia (excluding Japan), and Japan. These charts focus on the underlying issues that truly affect [...]

Andy Xie is a former Morgan Stanley analyst now living in China ~~~ The biggest policy debate this year has thus far been when and how fast to exit from last year’s stimulus policies. Last year, in a moment of panic over the global financial crisis, central banks and governments poured monetary and fiscal stimulus into the [...]

Yes this story has been going on for a long time now, but it is now reaching its climax… China Mobile (CHL) shares have massively underperformed the recent Asian rally due to the fact that the telecom company is oddly in the process of buying a bank — Pudong Bank to be precise. It at least [...]

(This guest post originally appeared at NewDeal2.0) We’ve persistently taken the view that there is no economic doctrine, no magic number, which would imply a firm external constraint as far as public spending goes, when dealing with a sovereign government issuing debt its own floating rate, non-convertible currency. At some point, we may indeed have a [...]

Japan’s finance minister has arbitrarily declared that he wants Japan to defeat deflation by the end of 2010. This is opposition to what the Bank of Japan had intended, given that they were planning on beating inflation over the course of a few years. Thus Japan’s finance minister is ratcheting up the pressure on the Bank of [...]

India’s government is talking big, setting a goal to become the world’s most rapidly growing economy within the next four years after a government report showed India’s GDP growth rate likely to accelerate to 8.2% for the financial year starting April 1st, 2010. Bloomberg: The finance ministry report yesterday said India’s $1.2 trillion economy may “breach” a [...]

Federal Reserve Chairman Ben Bernanke said imbalances created from China’s large holdings of U.S. assets could pose a risk to the financial system. “It would be a healthier situation if China saved less and we saved more, and as a result they were not accumulating dollar assets so quickly and we had a more balanced financial [...]

Obama’s big picture recovery plan depends on a push to double exports in the next five years. Well, we better hope that France wants to buy a lot of cars… because China has already expressed anger at the US export push, and India is about to enter the world market as a huge competitor. IndLawNews: Calling upon all [...]

2010 is the year that emerging markets economies, particularly in Asia, will show the world how they are far less dependent on Western developed nations than they used to. While the world economy fell in unison during the financial crisis, there have been stark differences in economic performance during the rebound. The U.S., Europe, and Japan, [...]

I had an interesting conversation last week with a potential investor.  I described my thoughts on the US economy, explaining that in our (my firm’s) view the current strength of the US economy is significantly boosted by steroids graciously provided by the US government in the form of stimulus.  (I’ve written about it in this [...]

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