Investing in the Current Chinese Stock Market


Also Reviewing 2011 Predictions

by Michael Pettis, China Financial Markets

By the time I published my latest (July 17) blog entry Beijing had managed to stop the panic with the use of what I called 'brute force', by which I meant that there was never likely to be much impact from interest rate moves, regulatory changes, margin relaxation, and so on. This is because there had been such a remarkable convergence among investors, almost all of who were purely speculative, on how to interpret information, and because any interpretation was likely to be self-consciously skeptical, that any regulatory response had to be completely unambiguous.


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What We Read Today 03 August 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

3 August 2015 Weather and Climate Report - NOAA Issues August Update - Perhaps Another Break in the Monsoon

Written by Sig Silber

NOAA updates their August Outlook with marginal changes. El Nino continues to strengthen but with no discernible impacts on CONUS despite heroic efforts by NOAA to conjure up such impacts. The Monsoon is at least temporarily ramping down. That may actually be to some extent an El Nino impact on Eastern Mexico but attribution is always difficult. El Nino provides increased Pacific moisture for the Monsoon but also reduces the differential between land and ocean temperatures so one might say that an El Nino can eat the Monsoon. Mostly it is pretty much normal summer weather for CONUS (usually contiguous U.S. but sometimes probably incorrectly interpreted to include Alaska). Indonesia is drying out. El Nino is a Worldwide Event and right now is mostly impacting other parts of the World.

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Infographic Of The Day: Top Movies

Would you like to see a movie?

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Video of the Day:

Every year, local communities on either side of the Apurimac River Canyon use traditional Inka engineering techniques to rebuild the Q'eswachaka Bridge. The entire bridge is built in only three days. The bridge has been rebuilt in this same location continually since the time of the Inka.

video of day picture

FOREX NEWS by DailyForex

Forex Week in Review

Last week saw the final trading session for July; a month when Greece went to the very edge of leaving the Euro before turning back.

Dollar Regaining Ground

The U.S. Dollar is just beginning to gain some positive momentum in the trading week. Earlier, it had been broadly after Friday’s U.S. employment costs report seems to have clouded the outlook for the Federal Reserve Bank.

Bank Shares to Be Hit Hardest as Greek Exchange Reopens

Greece seems to be walking on egg shells on its way to recovery. After months of heady negotiations that saw the country on the verge of bankruptcy and a near “Grexit,” Athens is making its moves cautiously.

Weekly Economic & Political Timeline

This can be expected to be a busier week than recent weeks, with a lot more going on and more volatility. It will be an especially important week for the USD, the AUD, and the GBP, with key central bank input also due regarding the JPY.

Will Venezuela be the Next Financial Crisis?

With the headlines focused on the financial events taking place in Greece and China, not much attention has been given to the situation in Venezuela.
 more investing, markets, precious metals & forex

7 "Saves" in 7 Months: A Market Going Nowhere Fast

 more opinion

Why Greece's Third Bailout Package is Bound to Fail

by Dimitris Sotiropoulos, The Conversation

The Greek government was forced into accepting a third bailout under very difficult circumstances on July 13. The dramatic euro summit of July 12 lasted 17 hours before a new bailout package of euro 86 billion was agreed by eurozone prime ministers. Conditional on a new recessionary policy mix, negotiations are now underway to determine the specifics.


 USA economy at a glance (boxed items are updates in last 7 days)

Gasoline Prices for Week Ending 03 August 2015 Fell over 5 Cents

Econintersect: Average gasoline prices fell 5.4 cents per gallon nationwide this past week following the previous week's 5.5 cent decline.

Average prices by region and a breakdown by grade follow after "Read more....".

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