‘Titanic’ Global Economy May “Collapse” Warn HSBC – Gold Is Lifeboat | Max Keiser

One HSBC Center

One HSBC Center (Photo credit: Wikipedia)

This is a deeply worrying must-read report from HSBC chief economist, Max Keiser. Check it out!

via ‘Titanic’ Global Economy May “Collapse” Warn HSBC – Gold Is Lifeboat | Max Keiser.

Personally, I think that the risks are over-stated and central bankers will be able to avoid the ‘Titanic’ moment with effective mitigation. Also there are Keynesian demand stimulus measures available for fiscal policy.

Thoughts?

China changes its strategy towards Japan: unrelenting pressure has produced far greater costs than benefits for China

China changes its strategy towards Japan: unrelenting pressure has produced far greater costs than benefits for China

dralfoldman:

This is a recommended read. It will be interesting to see Japan’s reaction to a softer China. It’s a win-win opportunity.

Originally posted on China Daily Mail:

Chinese Fighter Jet Chinese Fighter Jet

Over the past several months a gradual but significant shift has taken place in China’s policy toward Japan. The change is a result of Beijing’s recognition that its unrelenting pressure on Tokyo since the Japanese Government purchased several of the Senkaku/Diaoyu Islands from a private owner in September 2012 has produced far greater costs than benefits for China.

Chinese PresidentXi Jinping‘s meeting with Japanese Prime MinisterShinzo Abe on the sidelines of the Asian-African summit in Jakarta last month is the latest proof of the adjustment in Chinese policy.

Last November, when the two leaders first met in Beijing, Xi wanted to be seen as a good host and therefore did not snub Abe. In Jakarta, however, Xi had greater flexibility. Not only did he agree to the meeting, he apparently initiated it. Although China’s state-run news agency Xinhua claimed the meeting took place…

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