Morning Reading – December 6, 2010

Bloomberg: China’s skyscraper boom buoys global industry

The 121-story Shanghai Tower is more than China’s next record-setting building: It’s an economic lifeline for the elite club of skyscraper builders. Alphaville: Something else made in China – Chinese GDP

Uh oh.

Wikileaks, fresh from angering US authorities, might be about to incur the wrath of China’s economic establishment. The controversial site has published a US embassy cable containing comments made in 2007 by Li Keqiang — then head of the Communist Party in Liaoning and now the man some tip to become the PRC’s next head of government.

The Big Picture: Focus on the Next Crisis — Not the Last One . . .

You still have an investment culture that’s still too heavily steeped in the most recent experience rather than rationally basing it on the evidence of the day. We had such a terrible crisis of ‘08,’ it’s not surprising to me that the first slowdown of the recovery brought back deflation-depression mentalities with vengeance.

Calculated Risk: Bank Failures per Week in 2010

This graph shows bank failures by week in 2008, 2009 and 2010.

This entry was posted on Monday, December 6th, 2010 at 9:31 am and is filed under Daily Reading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player