February 8, 2024 | Daily JAM, Morning Briefing |
The news pointing to serious trouble in China’s economy–the kind that can’t be fixed by replacing market regulators in Beijing–keeps on coming. If you’re looking for “something” that could upset the global apple cart in 2004, keep your eye on China. The country’s market is big enough to matter for just about every company doing business internationally, and China is a key market for companies ranging from Tesla and Apple to Starbucks and Yum Brands. So the news today from the National Bureau of Statistics showing another big drop in consume prices–in this case not good news on inflation but a signal of sluggish domestic demand–worries me.
November 27, 2022 | Daily JAM |
For the week ahead expect continued fallout in China from a jump in Covid deaths and demonstrations calling for an end to the country’s 0 Covid lockdown policy. On Saturday protests spread to cities and college campuses around China, reflecting rising public anger at the country’s Covid controls, with some in a crowd in Shanghai directing their fury at the Communist Party and calling on the country’s leader Xi Jinping to step down.
September 28, 2021 | Daily JAM |
More bad news on a slowdown in China's economic growth. Profit growth at China’s industrial firms co... To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing...
September 15, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My forty-seventh YouTube video “Time to Worry About China Too” went up today.
September 9, 2019 | Daily JAM, Morning Briefing, Short Term |
China’s exports fell 1% (in dollars) in August, China's customs administration announced on Sunday. Economists and analysts surveyed by Bloomberg had predicted that exports would increase by 2.2% . Imports dropped by 5.6% roughly in line with forecasts of a 6.4%...
August 14, 2019 | Daily JAM, Morning Briefing |
As of noon today New York time, the Standard & Poor's 500 and the Dow Jones Industrial Average are both down 2.42%. The NASDAQ Composite is lower by 2.78%. The Russell 2000 small cap index has tumbled 2.66%. And the iShare MSCI Emerging Markets ETF (EEM) has...
May 31, 2019 | Daily JAM, Friday Trick or Trend, Mid Term |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever....
July 26, 2013 | Daily JAM, Morning Briefing |
Recovery in the EuroZone? The German Ifo survey of business confidence rose for a third straight month in July. Or another year of contraction? IMF says no growth until 2014. Can we resolve the contradiction?
July 24, 2013 | Daily JAM, Morning Briefing |
The preliminary survey of purchasing managers conducted by Markit Economics and HSBC Holdings showed that China’s manufacturing sector fell to 47.7 on this index in July. Anything below 50 on this index indicates contraction. The reading is the lowest in 11 months (The official government purchasing managers index, which includes a wider sample of manufacturing companies, is due on August 1.)
July 23, 2013 | Daily JAM, Morning Briefing |
China will not accept economic growth below 7%, Premier Li Keqiang told a recent meeting of economists, according to a story on July 21 by the official Xinhua News Agency. 7% is the bottom line, the story reported Li saying, and the nation can’t allow growth below that.
July 15, 2013 | Daily JAM, Morning Briefing, Short Term |
Official data released today by the National Bureau of Statistics show that China’s economy grew by 7.5% year over year in the second quarter. That’s a drop from the annualized 7.7% growth in the first quarter but exactly in line with the official government target of 7.5% growth for the year.
July 12, 2013 | Daily JAM, Morning Briefing |
On Monday July 15 China is set to release its figures for second quarter GDP growth. The fear is that China’s growth rate will decrease from the 7.7% annual growth rate reported in the first quarter of 2013 to 7.5% or even lower. A drop below 7.5% would be a big deal since that is the government’s target for economic growth in 2013. A report of anything less than 7.5% would a sign that policy makers in Beijing are willing to sacrifice growth to other goals.
