China M2 up 16.1% yoy in April 2013

[phantom_opera]

M2 money supply rose 16.1 per cent from a year earlier, following March's 15.7 per cent advance.

Hmmm ... previously Zhou said this year target is < 13%

[sgbuyer]

M2 money supply rose 16.1 per cent from a year earlier, following March's 15.7 per cent advance.

Hmmm ... previously Zhou said this year target is < 13%

No wonder the RMB is becoming toilet paper.

China never learnt from Mugabe.

[myfirstpc]

And we are approving a swap facility for rmb banana notes too. Perfect STORM.

[minority]

M2 money supply rose 16.1 per cent from a year earlier, following March's 15.7 per cent advance.

Hmmm ... previously Zhou said this year target is < 13%

US print. they cannot let RMB increase too fast against USD.. loose competitiveness. Japan now also print.

[DKSG]

Like I mentioned many times earlier, in my layman Office Boy language, the print is trying to inflate its problems away. Regardless of whether this inflation is going to hurt any other countries other than themselves.

So, what is the impact on Sg properties ?

DKSG

[phantom_opera]

Japan golden age (oops may be just nikkei 225)

15k Nikkei 225 recovered, up > 2% this morning

another new high in Wall Street overnight

[phantom_opera]

Sony rare profit

Sony's 43 billion yen (S$524.7 million) profit for the fiscal year ended March 31 largely grew out of one thing: the yen's more than 20 per cent plunge against the US dollar since November.

[phantom_opera]

huge selling into 5y JGB, 5y inflation expectation on the rise in Japan?

[phantom_opera]

After shocking the market by allowing interbank rate to spike, PBOC successfully reduce the growth of M2 to about 14% ... this year target is 13%

On the other hand, China-A is moving sideways ... as long as the 1,850 / 1,949 are holding and US recovery is on track .. .this could be the long awaited bottom that will last for next 6m to 1y ... waiting to buy on dip

[phantom_opera]

Yesterday's audit shows that local government debt up 12.94% yoy

早在今年4月中旬，摩根大通通过内部研究，核算出中国的地方债务总量超14万亿元人民币，而2010年末的这个数据是10.7万亿。不过，这还不包括11万亿的地方政府隐性负债。如果加起来的话，中国地方债务总额已超过4万亿美元之巨。

“相比之下，虽然美国2012年的地方负债总计已达2万亿美元，但是，仍远远比不上中国地方债务的规模。

While the latest available data from the Audit office showed in 2011 that such debts totaled 10.7 trillion yuan ($1.75 trillion)

=> US / China are now on par (2T USD each), in terms of local government debt of course, would Detroit story happen in China??

Fear is good, I am waiting for extreme fear