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Asia getting hammered?
Posted: Thu Jan 22, 2009 7:07 pm
by annarborgator
Seems like it. Some good charts from the EconomPic Data blog:
China's economy grew at the slowest pace in seven years as the global recession dragged down exports, increasing pressure for more government spending and lower interest rates. Chinese GDP grew 6.8 percent in the fourth quarter from a year earlier.
The 6.8% figure just "happened" to match the median estimate of 12 economists surveyed by Bloomberg News. A look at Chinese exports (as measured in yuan) shows how far things have fallen.
http://econompicdata.blogspot.com/2009/01/dont-mention-decoupling.html
Asia getting hammered?
Posted: Thu Jan 22, 2009 7:15 pm
by radbag
just goes to show how reliant EVERYONE is on the economic health of these United States of America....i'm sure korea's chart aint much different
everyone's got skin in the game.
Asia getting hammered?
Posted: Thu Jan 22, 2009 9:27 pm
by annarborgator
Yep, several econ blogs I read have been sort of ridiculing the idea of "decoupling".
Asia getting hammered?
Posted: Thu Jan 22, 2009 9:29 pm
by IHateUGAlyDawgs
what econ blogs do you read, AA?
Asia getting hammered?
Posted: Thu Jan 22, 2009 10:22 pm
by annarborgator
Asia getting hammered?
Posted: Fri Jan 23, 2009 2:56 am
by annarborgator
One more that may be a little more "out there"....fairly well respected but the guy, Karl Denninger, does not pull ANY punches on his views of the market.
http://market-ticker.denninger.net/