THE M3: HK GNP; CHINA NEW YUAN LOANS; NEW MACAU AIRLINE; MULTI-ENTRY VISA FOR ZHUHAI

The Macau Metro Monitor, March 15, 2011

 

 

HONG KONG GNP RISES 7.2% IN 2010 China Daily

According to the Census and Statistics Department of Hong Kong, the city's GNP rose 7.2% YoY to HK$1,784.7BN in 2010 and 6.9% in 4Q2010  to HK$477.2BN.

 

CHINA'S FEBRUARY NEW LOANS HIT $535.6BN YUAN Xinhua News

The People's Bank of China said that new yuan‐denominated loans decreased $192.9BN YoY in February to 535.6BN yuan. At the end of February, total outstanding yuan‐denominated loans stood at $48.89 trillion, up 17.7% YoY. New yuan‐denominated deposits stood at $1.31 trillion in February, a YoY increase of 17.6%.

 

MACAU MAINLAND BUDGET AIRLINE TO LAUNCH Macau Daily News

Spring Airlines, a budget airline, is scheduled to debut  operating flights between Macau and Mainland cities in April.

 

LOCAL CPPCC MEMBERS SUGGEST MULTI-ENTRY VISA FOR ZHUHAI CITIZENS Macau Daily News

21 Chinese People's Political Consultative Conference (CPPCC) members, including Ambrose So, made a joint proposal suggesting that Zhuhai citizens be granted a one‐year multi‐entry visa to Macau, with a maximum stay of seven
days per visit. The suggested trial would be similar to mulit-entry visas already granted to Shenzhen residents for visitation to Hong Kong in April 2009.


7 Tweets Summing Up What You Need to Know About Today's GDP Report

"There's a tremendous opportunity to educate people in our profession on how GDP is stated and projected," Hedgeye CEO Keith McCullough wrote today. Here's everything you need to know about today's GDP report.

read more

Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

read more

GOLD: A Deep Dive on What’s Next with a Top Commodities Strategist

“If you saved in gold over the past 20 to 25 years rather than any currency anywhere in the world, gold has outperformed all these currencies,” says Stefan Wieler, Vice President of Goldmoney in this edition of Real Conversations.

read more

Exact Sciences Up +24% This Week... What's Next? | $EXAS

We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

read more

Inside the Atlanta Fed's Flawed GDP Tracker

"The Atlanta Fed’s GDPNowcast model, while useful at amalgamating investor consensus on one singular GDP estimate for any given quarter, is certainly not the end-all-be-all of forecasting U.S. GDP," writes Hedgeye Senior Macro analyst Darius Dale.

read more

Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

read more

People's Bank of China Spins China’s Bad-Loan Data

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

read more

UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

read more

Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

read more

Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

read more

An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

read more

Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

read more