Category: Ken Rogoff

The ultimate in ‘this time it’s different’? Part 3, China’s fortunes cooking?

20 July, 2011 (09:50) | Capital markets, China, Construction, Finance, Global news, Ken Rogoff, Speculation |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   As we’ve explored in the last two days, everyone can directly observe the explosion of urbanization and infrastructure in China, and no one can know the totality.  So, using this recent New York Times article about China’s invisible obligations, let’s […]

The ultimate in ‘this time it’s different’? Part 2, China’s checkered finances

19 July, 2011 (10:00) | Capital markets, China, Construction, Finance, Global news, Ken Rogoff, Speculation |

[Continued from yesterday’s Part 1.]    By: David A. Smith   Yesterday’s post on China’s astonishing exuberance of capital investment and infrastructure, including housing, using mainly a recent New York Times article, highlighted Fitch rating’s published estimate of a 60% chance of a Chinese crisis within three years, due to over-lending, state-owned banks lending to […]

The ultimate in ‘this time it’s different’? Part 1, China’s building monopolies

18 July, 2011 (10:42) | Capital markets, China, Construction, Finance, Global news, Ken Rogoff, Speculation | 1 comment

By: David A. Smith   At extraordinary speed, as reported in this recent New York Times article about China’s invisible obligations, China is transforming itself from a mainly rural agrarian power into an industrialized and urbanized nation, and doing it with a capital-spending frenzy not seen since America’s Roaring Twenties.   Around the clock, seven […]