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Asian Markets Archives | Page 23 of 24 | Elliott Wave Analytics

  • China and India Still Riskier Than US.
    By on August 15, 2011 | 375 Comments375 Comments  Comments
    This week has turned out to be Wall Street’s wildest week since 2008. The Dow Jones industrial average closed down 519 points on Tuesday, Aug. 10, but then went up 423.37 points. But overall, Down has now lost more than 2,000, or 16% since July 21, less than three weeks ago. The selloff inten...
  • World Markets Weekend Review: Bear Cubs Abound.
    By on August 14, 2011 | 505 Comments505 Comments  Comments
    The world selloff continued last week, with six of the seven world markets we’ve been tracking finishing the week with a loss. The FTSE was the solitary market with a gain, and it has now taken over the top spot in table of percentage declines from interim highs. In fact, four of the seven are...
  • Real Estate Rolling Over — Everywhere!.
    By on August 8, 2011 | 44 Comments44 Comments  Comments
    The double dip in the US housing market isn’t unique, based on all the similar reports popping up around the world. Here are four from yesterday: Hong Kong Home Sales at Lowest Since Early 2009 on Rates, Curbs The number of housing transactions in Hong Kong plunged to the lowest in 30 months on ri...
  • The “Real” Mega Bears.
    By on August 7, 2011 | 44 Comments44 Comments  Comments
    It’s time again for the weekend update of our “Real” Mega-Bears, an inflation-adjusted overlay of three secular bear markets. It aligns the current S&P 500 from the top of the Tech Bubble in March 2000, the Dow in of 1929, and the Nikkei 225 from its 1989 bubble high. The chart...
  • No Hard Landing, But No Solution.
    By on August 3, 2011 | No Comments  Comments
    I have been arguing for a while that as long as the Chinese government retains its capacity to raise debt we are not going to see a sharp slowdown in economic growth – at least until 2013.  Any indication that the economy is slowing too quickly will be met with a relaxation of credit controls, a...
  • An Update On Seasonality.
    By on July 30, 2011 | 40 Comments40 Comments  Comments
    There are a number of seasonal patterns, ranging all the way from the very short-term tendency for a ‘countertrend’ move an hour or so after the market opens each day, to the Four-Year Presidential Cycle, and even to the 17 to 20-year ‘secular bull/secular bear cycle. We’re currently in the...
  • Global Markets Are Still Sliding.
    By on July 22, 2011 | No Comments  Comments
    In the U.S., almost 150,000 new jobs must be created each month to handle new young people coming into the labor force. For several months the economic recovery had come along well enough that that was being accomplished. But economists were shocked when only 25,000 jobs were created in May, and eve...
  • Exposing China’s Mysterious Shadow Banking Syst...
    By on July 20, 2011 | 449 Comments449 Comments  Comments
    Precisely a year ago, a summary report by Fitch shone the first, if relatively weak, light on the massive Chinese securitization industry which had for years allowed the country to fund its housing bubble without forcing the banks to actually take much if any of the loan risk associated with this un...
  • Shilling: China Set For Hard Landing
    By on July 15, 2011 | 44 Comments44 Comments  Comments
    Investment legend Gary Shilling of A. Gary Shilling & Company, believes the recent positive data in China is just a blip.  He says China is still headed for a hard landing.  His thesis is based on the idea that China’s stimulus resulted in massive excess demand and is now resulting in high i...
  • Crisis Spreads To China: No Bidders For Debt.
    By on July 12, 2011 | No Comments  Comments
    Europe is now openly burning once again (Italy-Bund spreads just hit a new record), the US is 9 days away from being bankrupt, and completing the trifecta is China, which just failed to sell half of the proposed 50 billion in CNY of local government debt at an auction, courtesy of the SHIBOR super...
  • US GDP Alert: China Exports Surge On US Stimulus
    By on July 11, 2011 | No Comments  Comments
    So much for China converting from an export-led economy to a consumer-driven society. In June, the Chinese trade balance soared to $22.3 billion, nearly double the consistently clueless economist consensus of $14.2 billion. The surplus was $13.1 billion the previous month and $20 billion a year earl...
  • China Raises Rates…Again.
    By on July 7, 2011 | No Comments  Comments
    (Reuters) – China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases.   The 25-basis-point increase in lending and deposit rates underscored China’s qu...
  • China Debt Woes Point To Bank Bailout.
    By on July 6, 2011 | 44 Comments44 Comments  Comments
    HONG KONG (MarketWatch) — China’s banking system will require an eventual bailout by the central government, according to some analysts, who said figures released last week on the size of local-government borrowings point to the need for a rescue. Credit Suisse economist Dong Tao said the numb...
  • Moody’s Finds 10% Of Chinese GDP Is Bad Debt!.
    By on July 5, 2011 | No Comments  Comments
    The timing on the earlier pronouncement that rating agencies may have found religion could not have been better. Not even an hour later, here comes Moody’s with a blockbuster which may put China’s “White Knight” status, at least as ar as Europe is concerned, in grave danger...
  • Small Companies Feel The Pain In China.
    By on July 5, 2011 | No Comments  Comments
    Much of last week’s newsletter was on the data that was released on inflation, new loans, investment, etc.  One thing worth noting in the current environment is that small and medium enterprises (SMEs) are hurting, and last week’s minimum reserve hike – which came out the same day as the CP...
  • The Boom And Bust Of China’s Rise.
    By on June 13, 2011 | No Comments  Comments
    In 1994, Management guru Peter Drucker told Japanese retail tycoon Isao Nakauchi that even though the Chinese market is very attractive, it still has more systemic risks than others and China will eventually face very serious inflation. And “the bubble is both much bigger and more extended than...

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