WSJ: China's Growth Risks

REVIEW & OUTLOOK|MAY 25, 2011
China's Growth Risks
Rising inflation and an opaque financial system, among others.

The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.

Bloomberg: Commodities Trading Is Banking’s New Battleground: Commentary Matthew Lynn

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Commodities Trading Is Banking’s New Battleground: Commentary Matthew Lynn
By Matthew Lynn - May 10, 2011 8:00 AM GMT+0900
Bloomberg Opinion

Forget bonuses. Don’t worry about bailouts. That’s all history. The battleground that matters most for the banking and finance industry right now is the profits it is making from commodities trading.

Bloomberg: Portuguese Bailout Costs More Than Money Alone: Matthew Lynn

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Portuguese Bailout Costs More Than Money Alone: Matthew Lynn
By Matthew Lynn - Mar 29, 2011 8:00 AM GMT+0900
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Is it 50 billion euros? Or perhaps 70 billion euros? The cost of bailing out Portugal varies according to who makes the calculation. No one will know the real price until officials from the International Monetary Fund and the European Central Bank tell us.