Monthly Archives: October 2016

The quality versus the quantity of debt

A recent conversation with my boss prompted me to think about an interesting point. There seems to be a divergence in the way market commenters think about debt in China versus debt in developed economies. Every day in the headlines … Continue reading

Aside | Posted on by | Tagged , , , | Leave a comment

(Slightly) Positive PPI: The light at the end of the tunnel?

The Chinese Producer Price Index (PPI) finally recorded a positive growth rate of +0.1% in September 2016 after 52 months of negative growth (see Chart 1). One way to interpret this is to consider the government’s recent efforts to reduce … Continue reading

Aside | Posted on by | Tagged , , , , , | Leave a comment