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South China Morning Post (June 30)

2020/ 06/ 30 by jd in Global News

“How Hong Kong should cope with the national security law: keep calm and carry on…. It would be best for Hongkongers not to panic, but get on with their lives instead.”

 

Washington Post (March 10)

2020/ 03/ 11 by jd in Global News

The lack of candor “is now causing confusion and panic as Trump and his political lieutenants paint a picture of the spreading coronavirus that is utterly at odds with what the nation’s public health experts are saying…. As global markets plunged on Monday and the virus continued its inexorable spread, Trump continued comparing the virus to the ‘common Flu,’ during which ‘nothing is shut down.’”

 

Financial Times (February 26)

2020/ 02/ 28 by jd in Global News

“Panic spreads faster than a pandemic. That might not make it irrational.” The novel corona virus (Covid-19) has already “infected 10 times as many people as did Sars and killed more than three times as many people. China is a far bigger part of global production and consumption than was the case in 2003.” And if it is not contained, “the hit to global GDP will be even worse.”

 

Financial Times (September 20)

2019/ 09/ 22 by jd in Global News

“Shock and confusion” resulted when overnight repo rates soared to 10%. The Fed was able to calm markets, but the situation is a reminder. “The more that QE (and its partial reversal) reshapes global finance, the greater the risk that the cogs in the machine unexpectedly misfire. That is no reason to panic. But central bank pilots—like investors—are learning on the job. Better hope they stay completely alert.

 

Bloomberg (August 15)

2019/ 08/ 16 by jd in Global News

“China has already endured plenty of economic pain, and isn’t as desperate for a trade deal as the U.S. may think.” Trump appeared to panic, extending an olive branch to China. “While Trump may think his olive branch is a big deal, the message to Washington is: Don’t think you’ve got China on the ropes. Xi was panicking a year ago; he can afford to wait now.”

 

The Guardian (June 12)

2019/ 06/ 14 by jd in Global News

“The problem with earthquakes is that they undermine the very things you do to prevent them. And with Tokyo now seeing millions of tourists a year, and expecting millions more for the Rugby World Cup this year and the Olympics in 2020, the city is ripe for panic in the event of a disaster.”

 

Barron’s (January 12)

2016/ 01/ 14 by jd in Global News

“President Xi Jinping’s men thought they’d escaped 2015’s woes, only to see the floor fall out from under them in the first 10 days of this year. The root causes of instability that’s panicking global markets can be traced back to Jan. 1, 2015, when Xi opted for a muddle-through policy akin to Tokyo’s in the late 1990s.” Xi and crew can still conceivably avoid Japan’s fate by “acting assertively to restructure the economy and repair the bad-debt-heavy national balance sheet. Increasingly, though, Xi’s government is acting like Tokyo’s, circa 1998.”

 

Wall Street Journal (August 7)

2015/ 08/ 08 by jd in Global News

In China, the Government is estimated to have spent more than 10% of GDP ($1.3 trillion) “since the market panic started in late June,” producing only questionable results. “The failed bailout reinforces the expectation that Beijing will attempt to manage the financial markets in the future. This moral hazard means the volatility will continue, along with the costs of future bailouts. The first lesson of investing, buyer beware, has yet to be learned in China.”

 

Washington Post (July 27)

2015/ 07/ 28 by jd in Global News

After great devastation, the Ebola crisis appears to be winding down in Africa. “Now it is time to confront another hard problem: addressing the weaknesses in global response that allowed the virus to spread so rapidly. Without the urgency of another outbreak, national governments and the World Health Organization will be disinclined to change the way they do business. But change they must, or there will be another wave of disease, panic and unnecessary death.”

 

Bloomberg (December 18)

2014/ 12/ 19 by jd in Global News

Early this year, Kremlin aids advised Vladimir Putin that “Russia was rich enough to withstand the financial repercussions from a possible incursion into Ukraine.” Their advice and the subsequent invasion “now looks like a grave miscalculation. Russia has driven interest rates to punishing levels and spent at least $87 billion, or 17 percent, of its foreign-exchange reserves trying to prevent a collapse in the ruble from spiraling into a panic.

 

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