mpettis.com - 3/4/2009
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With the tense start of China’s parliamentary season this afternoon – and with the National People’s Congress meeting Thursday – there isn’t much incentive to try to figure anything new out in China since we are likely to be given a lot more information and proposals over the next few ...
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Links 3/4/09
naked capitalism —
... SSRN. On the reversal of the brain drain. China's jumbo rocket "carrying capacity factor" world's second largest: expert Xinhua Geithner ducks a big question Bruce Krasting Merrill's $10 Million Men Wall Street Journal. Someone leaked a document. Repeated references to "the figures show". Wall Street on the Tundra Michael Lewis, Vanity Fair (hat tip readers AlanM and Richard, who both say they saw it via Felix Salmon) The NPC meets, and Krugman refers to the savings glut Michael Pettis The unfortunate ...
Wednesday morning links
The Mess That Greenspan Made —
... Dire' - Dow Jones • STAIRWAY TO RETAIL HEAVEN - Financial Sense INTERNATIONAL • China said to mull buying oil with foreign reserves - MarketWatch • Boom gives way to bust in Ireland's oversold economy - LA Times • Brown to US: 'Seize the moment' on economic crisis - AFP • Australia's GDP shrinks for first time in eight years - MarketWatch • Global policy shortcomings will cost us dear - Financial Times • The NPC meets, Krugman refers to savings glut - China Financial Markets • China built ...
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The savings glut. Controversy guaranteed.
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Asian Officials Push Back Against Savings Glut Theory
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Op-Ed Columnist: Revenge of the Glut
nytimes.com 3/1/2009 — The international economic crisis is the revenge of the global saving glut. And the glut is still out there, worse than ever. >
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