Here is another article by Andy Xie–always an interesting read–former Morgan Stanley economist, who predicted the credit crisis well before it came to fruition. In this article Andy highlights how money supply growth is supporting a boom in asset prices, which in turn is bolstering the economy. He goes on to compare central banks supplying […]
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Andy Xie
A reader recently brought to my attention the fact that the BDI and the Shanghai Composite Index both appeared to have peaked from interim-term highs at the beginning of August (see chart). After looking more closely at the data I quickly began to realize the significance of this relationship and its implications on shipping. Let […]
Andy Xie is a former economist with Morgan Stanley who correctly called the correction in Chinese markets in April 2007. He recently wrote a very interesting article on the current state of China’s markets, which I believe holds merit and significant implications. This is a highly recommended read for anyone interested. Here is his article: […]