China’s economy grew at its slowest pace in five years in the third quarter. Latest numbers from the Statistics Bureau show 9% growth in the quarter, down from 10.1% growth in the previous three months and below expectations (consensus forecast was 9.7%).
Weak export orders and factory furloughs for the Olympics depressed the growth in industrial [...]
Posts Tagged as ‘Credit Crisis’
October 20, 2008
China’s Economy Growing At Slowest Pace In Five Years
October 16, 2008
Knowledge Vs Power
As knowledge gets dispersed, power is going in the opposite direction. That divide is the root of the current crisis, argues Arnold King on the Library of Economics and Liberty blog.
We got into this crisis because power was overly concentrated relative to knowledge. What has been going on for the past several months is more [...]
October 15, 2008
House Price Busts In Credit Crunches Are The Worst Sort
“Over the period 1960 to the present, recessions in advanced countries that are associated with house price busts and credit crunches are slightly longer and deeper than other recessions,” writes the IMF’s Prakash Loungani. “Over the 12 quarters following the onset of a recession, the unemployment rate increases, on average, by 1.5 percentage points. But [...]
October 13, 2008
Recapitalizing Troubled Banks
Recapitalizing troubled banks has become the priority of financial policymakers. The British model seems to have trumped the American one as the way of doing that. Only the most rabid free-marketer doesn’t now accept some state ownership of banks, even if only on the lesser evil theory.
The advantage of taking preferred stock is that it [...]
