>> Click Here for Historical Wall Post Listing <<
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 of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number accepted.
Today we focus on economic growth and related issues in China.
The next six articles are about economic growth and related issues in China.
"China's centrally planned jig is up. It can take the pain now and get on with rebalancing or it can delay again and make the ultimate reckoning a debt crisis. In a Western democracy one could be confident that the latter course of poor policy would be pursued. In a communist state, with the power to carry better policy in the national interest, the cost/benefit analysis may have shifted towards early action."
"China is moving ahead with reforms to overhaul its financial system by helping banks clean up their balance sheets and launching a trial program to give smaller lenders easier access to cash."
"QE, which is directly responsible for the $2.4 trillion in excess reserves, was not helpful (and possibly harmful) to credit growth in the US."
See the next article for a particularly lucid explanation of Sober Look's observations.
Loans + excess reserves = deposits
Econintersect Behind the Wall
|.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet|
|Asia / Pacific|
|Middle East / Africa|
This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved