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George Liu
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George is currently a Managing Director at Lion Fund. He has written for Seeking Alpha, The Motley Fool, Investing.com, Psychology Today and his works have been featured on Seeking Alpha's Wall Street Breakfast, MSN Money, Yahoo! Finance, AOL DailyFinance, CNNMoney, CNBC, MarketWatch, TheStreet,... More
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  • Worrying News Out Of China

    Unlike the U.S., which recently posted positive trade data (albeit for June), China posted worrying trade information for the month of July. In July, China's trade surplus narrowed from $31.7B in June to $25.1B, completely missing the consensus of $35.2B. Moreover, exports to Europe fell 16.2% while overall export growth edged up 1%, which is miniscule considering the export growth of 11.3% in June.

    Tags: GXC, PEK, DSUM, China, Economy
    Aug 12 7:11 PM | Link | Comment!
  • Some Good Developments From Greece?

    Pinch me. I must be dreaming.

    According to Reuters, Greece managed to shrink its January-July central government budget deficit to 13.2B euros, below the 15.98B euros a year ago and the target of 14.83B euros.

    However, it should be noted that the central government budget deficit is NOT the general government deficit, which is used as the benchmark for the EU's assessment of Greece's fiscal performance and will be one of the main driving forces behind further bailout funding for Greece from the IMF and the European Stability Mechanism (ESM). So yes, this development is nice and all but the figures that truly matter have yet to be released.

    Aug 12 6:47 PM | Link | Comment!
  • Williams: Yes On QE3

    A few weeks ago I visited the Los Angeles branch of the San Francisco Federal Reserve, toured its monetary operations, and engaged in a discussion about the potential of another round of quantitative easing with some of the branch's senior executives. Their response: please check the official press releases on the Federal Reserve website.

    Well now I know their official position, or at least their president's official position on a third round of quantitative easing. Recently, John Williams, president of the San Francisco Federal Reserve and a voting member of the Federal Open Market Committee, stated that in his view, a third round of quantitative easing is warranted. He noted that "it seems like if we have the tools to move us faster toward our goals, we should use them" and declared that although the hurdle to initiate QE3 is relatively high, "we have reached that hurdle."

    Williams' opinion is all the more important considering that, according to SFGate, he had opposed QE3 as early as May. His change of heart is a potential indication of a broader change in mindset of FOMC members as new evidence of weakness in the U.S. economy continues to come out.

    Aug 10 5:54 PM | Link | Comment!
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