A contrarian view of China’s power data
Is the slowdown in China’s electricity output growth a sign that the life is going out of the country’s economy?It’s not been the only poorly-performing economic...
The 6am Cut London
The Spanish government called for investor calm on Thursday as shares in Bankia tumbled nearly 30% and Moody’s conducted a sweeping downgrade of other lenders, reports the FT....
The 6am Cut London
Cameron adds to eurozone warnings. David Cameron will be saying it in a speech today that the single currency unravelling would “carry huge risks for everyone”, reports the FT....
Fiscal credibility vs democracy
Last November John Hempton wrote an amusing post arguing that Ben Bernanke’s problem was that the Fed’s credibility was too high, thus creating a liquidity trap, and...
The (hot) pasty tax strikes!
From Greggs’ trading update comes a warning that the government’s plans to add VAT tax to takeaway foods “could have a material impact on our sales and profits”,...
The 6am Cut London
Asian shares extended losses on Wednesday after Greece failed to form a coalition government, says the FT. The MSCI Asia Pacific index shed 0.7 per cent with Japan’s Nikkei...
An LNG headache, caused by an unconventional gas headache
Australia, we’ve heard a lot lately, is set to overtake Qatar as the world’s biggest LNG producer by about 2020. The first shipment from the big Western Australian...
Further reading
Elsewhere on Tuesday,- Is the ‘wall of worry’ really in bonds?- You know it’s end times when…- Limit US banks to state borders. Done!- Jim Rogers is selling his euros....
The 6am Cut London
Asian markets on Tuesday continued to suffer from fears about the eurozone, reports Bloomberg. Spanish and Italian 10-year borrowing costs shot up to their highest levels this...
China’s economic data disaster
China’s trade data for April came in well short of expectations on Thursday, and was followed by a raft of more disappointing data on Friday.Here are a few highlights,...
RRR cuts ≠ credit easing. Keep saying it.
Pretty much every China watcher, including us, has written in recent months about how reserve ratio requirement (RRR) cuts by the People’s Bank of China are not necessarily...
The 6am Cut London
Three senior JP Morgan staff are expected to leave the company this week over the $2bn trading loss, which is continuing to grow, reports the WSJ, citing people familiar with the situation....
