PowerShares Gldn Dragon Halter USX China (PGJ)

All Comments on PGJ

  • commenter
    John Egan
    Sep 18 02:13 PM
    How Susceptible is China to the Global Crisis? [view article]
    Excellent article.... jegan ;-) Reply
  • commenter
    rlirph
    Sep 16 12:10 PM
    Quite a Reversal - China Central Bank Cuts Interest Rates [view article]
    Governments are not to be trusted, whether they are Chinese or Americans. Do you really believe that we have an economic expansion of 3.3% last quarter? Or do you believe that our actual cost of living went up 0.1% last month? Or do you believe the core CPI after stripping out energy and housing costs? I think there are naive suckers every where. Reply
  • commenter
    xhtt
    Sep 16 10:14 AM
    China Finally Cuts Rates [view article]
    According to CNStock, Andy Xie, ex-Morganstanley economist, said China A share market - Shanghai composite index will move downwards further from current level of around 2000 to 600. If that was the case, I guess US market would drop at least 50%. GS, MS and City would all go bankrupcy for sure. Reply
  • commenter
    globalHOBBIT
    Sep 15 11:49 PM
    Quite a Reversal - China Central Bank Cuts Interest Rates [view article]
    Rice eating commie bastids are big time liars. They also said Olympics were sold out only for world to discover they were paying people to fill seats. Liars also say people in Tibet happy and free.......ha! Happy and free as chickens on Col. Sanders plantation. Reply
  • commenter
    portable
    alpha's
    friend
    Sep 15 04:12 PM
    No Rest for the Chinese Stock Market [view article]
    Another couple of points here: as for the Loan and Ms money supply figure, I am sure you are the only teaching professor in China who is actually trying to assess those figures. So better stop telling people to stop reading it. And then you have to explain to me what you mean here ‘I would argue that the continued rapid growth of foreign currency reserves at the PBoC is probably being countered by the sharp fall in real estate and stock prices to represent money growth below what we would have expected’. What is the inner relationship between PBoC’s FX reserve and the sharp fall in real estate and stock prices in China? How do they counter each other? You are actually saying that if the real estate and stock prices keep falling, it will mitigate or mitigate the effect of FX accumulation……by what means?

    Furthermore, according to what you said here ‘Morgan Stanly just released a report saying the real estate sector is on the point of an imminent collapse. which suggests even that perhaps both explanations might be true. Needless to say a collapse in the real estate sector is one of the biggest risks in China’, my question is if you actually live in China. The clamp-down on housing prices is actually expected to benefit the average household, and for that you could simply ask any walk-by on the street. This illustrate that sometimes economists are not commenting on the actual life but what is in their imagination.

    Sorry I am running out of time so cannot carry on anymore……cheers
    Reply
  • commenter
    portable
    alpha's
    friend
    Sep 15 03:47 PM
    No Rest for the Chinese Stock Market [view article]
    excuse me Michael, apart from collecting and displaying all kinds of economics figures just to try your best to interpret them in the most negative way possible, you didn't put down anything more significant or valuable in your article. I can everything in daily news releases, so it is time for you to have a rest.

    The industrial output is slightly lower than same time last year, but take into account that the US and euro zone and the rest of Asia are already close to or in a contraction, it is not that bad as you have described for China. Oh Retail Sales figures, which grew slightly less than July's, is because of the Olympic? What about July's good figure? What has contributed to it? So if the Aug retail sales is good, it is because of the Olympic, and if it is bad, well it is supposed to be bad. Thanks for your pointless analysis!     Reply
  • commenter
    User 142738
    Sep 15 03:33 PM
    Quite a Reversal - China Central Bank Cuts Interest Rates [view article]
    "Inflation cooled to 4.9 percent in August..." Really? Perhaps per month, but definitely not per year.

    If you believe the inflation figures from the Chinese government then I've got a trunk of money in Nigeria with your name on it.     Reply
  • commenter
    paultaut
    Sep 15 02:42 PM
    China Finally Cuts Rates [view article]
    The real question is whether the Fed will lower just a qtr point or will it try to keep the Chinese currency stronger by going the 50 route? Reply
  • commenter
    John Egan
    Sep 15 12:44 PM
    No Rest for the Chinese Stock Market [view article]
    I think the best explanation for the more recent decline in the China market was that many small investors were pulling out of the market in response to the large decline after having basically bet big that it would pull up. A nice image of the small Chinese investor can be found in 'Be Your Own China Guru', which describes grandmothers and taxi drivers stopping their work to watch their ticker and it's associated MACD.

    jegan ;-)     Reply
  • commenter
    davidinchina
    Sep 15 11:12 AM
    No Rest for the Chinese Stock Market [view article]
    How do corporations react (to profits being squeezed)? Maybe by adding melamine to their infant milk powder products ... Reply
  • commenter
    James V
    Sep 15 04:17 AM
    No Rest for the Chinese Stock Market [view article]
    globalHOBBIT lets just hope it won't be like the Chinese Satellite Rockets.

    I think the only question remains:

    Is the fact that everyone is so bearish actually a reason to start becoming bullish.

    or...

    Is everyone bearish because we all sense that a mutli-year depression is coming.



    Reply
  • commenter
    globalHOBBIT
    Sep 14 09:05 PM
    No Rest for the Chinese Stock Market [view article]
    I own both FXI and CAF in a 1:2 ratio and have watched both go from the upper $70's [FXI split adjusted] to their current levels of $37 and $27 respectively over the last year. I've owned both since their inception, FXI in 2004 and CAF in 2007 and I'm still up..... barely. One thing that always must be remembered by all who invest in China. China = Communist Dictatorship. The President, the Chairman of the Politburo, the Premier and all our industrious comrades must invest in 'A' shares and the more equal among the equals can own B and H shares also. I don't know when the Chinese markets will turn bullish I do know eventually will and step aside when they do because it'll be like a rocket. Reply
  • commenter
    Franck
    Sep 14 07:49 AM
    Shanghai Should Continue to Sell Off [view article]
    As some readers noted, Chinese stock market does not reflect Chinese economy. In 2001, the Shanghai index topped at about 2240 points and went down to about 1000 point in 2005 while Chinese economy had a high GDP growth.

    At that time, many journalist were saying that China is the only country where the economy goes and the stock market goes down.


    I think you need more than stock market to evaluate the health of China economy.

    I would say that the relative slowdown of the China economy is partly due to the catastrophe of the banking sector in the U.S.     Reply
  • commenter
    TimoDOZ
    Sep 14 07:18 AM
    Six Situations to Monitor for the Remainder of 2008 [view article]
    I live in a Republic. That is not democracy as we are not governed on a national level by referendum voting. Towns and municipalities are often democracies as they have mob rule by referendum. The New England town meeting is the purest form of this. States that do not adopt referendum voting on tax increases, and deficit spending budgets are doomed like NJ and Calif. Taxes will always be more fair when someone else is paying some of what we are currently paying. SCC and his ilk are spelling doom for the nation that wants and loves more O'Reilly and less reality! Joseph Goebels wrote the definitive political treatise on these talk show politicos. Any one telling the truth is an enemy of the state. The "O'Reillians"... are enjoying their most delightful period in American history. As the Supreme Court upholds without reservations or clarifications the literal clearly spelled out meaning of the Second Amendment these fools cheer as the 1st and 4 th amendments are clarified with phrases like, "while the arguments for ...etc etc .. are compelling the overwhelming public interest requires that etc etc. The overwhelming public interest requires that the next Vice President have a semi - automatic rifle to go moose hunting and that any one a little less stable than someone who wants creationism taught in public schools should have access to a complete arsenal so they can just "go postal" in your neighborhood's public schools, colleges, malls and fast food restaurants. No overwhelming public interest can be served by stopping cop killers with needles in the arm. It is not exactly the same as offsetting penalties with the down played over. With the 4th amendment viscerated we no longer have any right to be secure in our persons, homes, and especially our papers from unreasonable search. Big brother now reaches into even your estate planning where transfers of assets to trusts etc must be recorded and reported to Uncle before a notary or other licensed person can even guarantee a signature. If Eliot Spitzer had paid for services in gold coins which used to be easily obtained down to the 1/10th ounce size... If you owned gold coins for the last 20 years where exactly would they show up on your annual tax return? Don't fret you "O'reillians"... , big brother is painfully aware of this and will be comming after this next as well as almost anything else he can attach to prop up the paper Fiat currency. O'Reillians/Orwellians... Orwellians/O'reillians sounds the same sort of? A few hundred billion here and a few hundred billion there in TFAs, TSLAs, and TRCAs and pretty soon you are not even talking about paper money. If constantly rolled over then "T" for temporary is sort of one more newspeak word ie love is hate war is peace etc.The Fed and Treasury are saving the taxpayers millions in printing costs with the newest kind of money since the "Beverly Hillbillies" discovered that, "some new kind of dollars called millions". Electronically generated money. A week at the keyboard and you have made a trillion out of a few milliwatts of electricity. Reply
  • commenter
    rlirph
    Sep 14 03:08 AM
    Shanghai Should Continue to Sell Off [view article]
    To those who can access Chinese newspaper the decline in Shanghai stock market is not surprising. You just have to understand a little bit about how the market comes about.

    Maany years ago all companies are government owned (state owned enterprises, SOE). After all it is a communist country. A company will have shares, owned by different government agencies. The shares were not tradeable.

    In 1979 the government started to reform the economy to a more market approach economy. Some companies were allowed to convert some of their shares to be freely tradeable, while a bulk of them were
    still not freely tradeable.

    Four years ago the government instituted a number of measures to make all the shares tradeable. They set a time table to make all shares tradeable in three years. This is similar to the lock up periods of the IPOs. Unfortunately the amount of restricted shares is more than the entire market capitalization of both the Shanghai and Shenzhen market.
    At this rate it will be 2010 before all the restricted shares become fully tradeable.





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