Rory Green-TS Lombard

Bloomberg Markets: The Close (09/24/2021)

Steve Blitz TS Lombard

BBC World Business Report

Sblitz

TS Lombard's Blitz on Fed Policy Outlook

Rory Green

Rory Green on China’s shrinking working-age population

Shumita Deveshwar

Lombard's Deveshwar on India's Vaccination Programme, Economy

Steven Blitz-1

What’s in the $1.9 trillion American Rescue Plan?

Bo Zhuang-2

China’s domestic consumption has not bounced back to pre-Covid levels: TS Lombard

Charles Dumas

The Cost of Free Money

"It's believed that the ECB is discussing tapering their PEPP purchases. If it is, then investors will look for signs that they are going to compensate by making purchases through other schemes"
Andrea Cicione, Head of Research, quote in Reuters
“There is no more transitory price than transportation because the capacity can expand and shrink”
Steven Blitz, Chief U.S. Economist, quote in Wall Street Journal
“Consumers will substitute ‘stuff’ for ‘experiences’, easing the pressures on global industry”
Dario Perkins, Managing Director, Global Macro, quote in Bloomberg
“Disengagement has been very much at the margins. The status quo is still massive investment in China”
Rory Green, Head of China and Asia Research, quote in Barron's
"Residential real estate makes up the largest asset of the Chinese middle class, and a 15% to 20% drop in prices could trigger social unrest"
Larry Brainard, Chairman, Emerging Markets Panel, quote in Barron's
"We are now up to a split in the FOMC on hikes next year (Last November I forecast the first hike in Dec 2022) with 3 voting for two hikes. Everyone is on board, save one, for hikes in 2023, with 10 looking for the year-end funds rate to be 0.875% or higher"
Steven Blitz, Chief US Economist, quote in Bloomberg
"The imminent demise of China's leading property company raises questions about risks of contagion and possible spillover effects to the economy and the global recovery"
Jon Harrison, Managing Director, EM Macro Strategy, quote in Reuters
“For now, data remain consistent with a decent pace of recovery”
Davide Oneglia, Senior Economist, quote in Financial Times
"Crackdown on Didi opens a new front in China's tech assertiveness: this is now a question of sovereignty"
Rory Green, Head of China and Asia Research, quote in Reuters
“Earnings are coming out really strong and that is giving equity investors some comfort”
Andrea Cicione, Head of Strategy, quote in Reuters
"Action on climate change is often criticized as moving too slowly. However, with governments increasing spending to aid their post-Covid economies, they may start catching up"
Charles Dumas, Chief Economist, quote in CNBC
“As presales fall, the developer is forced to borrow more, banks ask for more pledged assets and higher guarantees, suppliers ask for earlier payment and presales get worse as the developer cuts prices and end users don’t trust the company to complete the development”
Andrew Lawrence, Asia Property Analyst, quote in the Financial Times
“Essentially these will shift from east-west to north-south, i.e. ROI-NI, with ROI in this context meaning both Ireland in its own right and as a channel for shipment from all of the rest of the EU,”
Christopher Granville, Managing Director, EMEA and Global Political Research, quote in CNBC
“You can’t eat out twice in a night. Reopenings get people to spend money, but it all can’t be spent in one month.”
Steven Blitz, Chief US Economist , quote in Wall Street Journal
“We’re as worried as everyone else about the Delta variant. But, objectively, our investment case is unswayed by the current virus wave: the link between cases and hospitalisations in this wave is weak. Don’t let your heart rule your head.” 
Oliver Brennan, Head of Research, quote in the Financial Times
“They’re right that this is transitory. They’re going to get a respite. But it’s not going to be as big of one as they think.”
Steven Blitz, Chief US Economist , quote in Wall Street Journal
“Inflation is still clients’ most popular risk to discuss at global level, but considering the European area’s delayed reopening, subdued wage growth and limited fiscal stimulus, the evolution of the Delta variant is a more pressing issue”
Davide Oneglia, Senior Economist, quote in Reuters
“The taper sets the clock ticking for the first rate hike and real rates rise and big changes in Fed policy are rarely smooth-sailing”
Oliver Brennan, Head of Research, quote in Financial Times
“While this is not particularly new rhetoric, it is worth emphasizing the massive political and financial push behind efforts to secure or ‘de-Americanise’ China’s supply chains”
Rory Green, Head of China and Asia Research, quote in Barron's
"Investors have clearly accepted the fact that these inflation rates are being perceived as temporary. However, what they don't fully appreciate is that inflation is actually coming in 2022, the actual inflation not the rise in prices as the results of opening up of economy"
Andrea Cicione, Head of Strategy, quote in Reuters
“The semiconductor shortage is really the result of a Covid-19 induced demand surge combined with some fairly poor supply chain management”
Rory Green, Head of China and Asia Research, quote in Forbes