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  In the Spotlight
 
CNBC
China May Slip into Recession Soon: Analyst
Tues. Nov. 24 2009 | 7:50 AM ET |  Martin Soong, Maria Bartiromo & Sri Jegarajah

China is at risk of slipping into a recession now, warns Jim Walker, founder & CEO of Asianomics. He tells guest host, Michael Yoshikami of YCMNet Advisors, CNBC's Martin Soong, Maria Bartiromo & Sri Jegarajah why.
 
Too Much Resting on China Story
Tues. Nov. 24 2009 | 7:31 AM ET |  Martin Soong, Maria Bartiromo & Sri Jegarajah

China has inflated itself into economic growth which is unsustainable, says Jim Walker, founder and CEO of Asianomics. He speaks to CNBC's Martin Soong, Maria Bartiromo and Sri Jegarajah. Guest host Michael Yoshikami of YCMNet Advisors joins in the conversation.
 
 
Inflation Seen Rising in China?
Mon. Nov. 2 2009 | 7:40 AM ET   |  Martin Soong

Inflation will start to rise in China, observes Jim Walker, founder and CEO of Asianomics. He shares his outlook of the economy, with guest host Mark Kiesel of PIMCO

Just a False Rally in China: Analyst
Wed. Apr. 29 2009 |  9:32 AM  |  Martin Soong

China stock markets' acceleration in 2009 has got nothing to do with corporate earnings, says Jim Walker, founder & CEO at Asianomics. He tells CNBC's Martin Soong why he believes there is a high risk it could come off very sharply. Daryl Guppy of Guppytraders.com charts the Shanghai Composite and PetroChina.
 
Expect Steady Yuan Appreciation
Wed. Apr. 29 2009  |  9:17 AM ET   |  Martin Soong

Over the next 5 years, expect the yuan to continue to appreciate in a manageable way, says Peter Alexander, head of Z-Ben Advisors. Alexander & Jim Walker, founder & CEO at Asianomics discuss the road ahead of China's economy, with CNBC's Martin Soong.
 
Another False Dawn?
Fri. Mar. 13 2009  | 8:10 AM | Martin Soong & Amanda Drury

The equity markets are probably headed for some sharp reversals over the next few weeks, believes Jim Walker, founder & CEO of Asianomics. He explains his dire forecast to CNBC's Martin Soong & Amanda Drury.

Wed. Sept. 10 2008 | 9:15 AM | Martin Soong & Emily Chan

The ideal strategy would be to exit Asian equities altogether, opines Jim Walker, founder & CEO of Asianomics. But he is overweight Hong Kong.
Fri. Jun. 13 2008, 9:45 AM | Martin Soong & Sri Jegarajah
 
Jim Walker, founder & CEO of Asianomics believes the growth in China might slow down even further from his 2008's fourth-quarter forecast of 6%-8%.
 
Thurs. Apr. 17 2008, 9:21 AM | Martin Soong, Sri Jegarajah & Emily Chan
 
China's monetary policy is incredibly loose, which would stimulate the economy, as well as inflation, says Jim Walker, founder & CEO of Asianomics
 
 
Inflation not Controlled Through Yuan
Thurs. Apr. 17 2008,  9:41 AM
 
Chinese authorities are not using yuan appreciation to control inflation, says Jim Walker, founder & CEO of Asianomics.
 
 
Long Gold
Tues. Mar. 11 2008, 11:35 AM
 
Jim Walker, founder & CEO of Asianomics, tells CNBC's Amanda Drury that he is long on gold, to hedge against inflation.
 
 
China's CPI Hits 11-year High
Tues. Mar. 11 2008, 11:09 AM
 
China's Feb CPI rose 8.7% year on year, the highest in over 11 years. Jim Walker, founder & CEO at Asianomics discusses the surprisingly high reading of inflation with CNBC's Amanda Drury.
   
 
MANILA BULLETIN
ABC: What’s ahead of Asian banking?
Monday, 9 November 2009  | FLOR G. TARRIELA
 
Dr. Jim Walker, of Asianomics Limited shares the same view except that recovery to be much slower, extended to 5-10 years. He said “we are in the eye of the storm” and recovery happens long after the storm. On China, he asked “is it the next great crash?” He said that the Chinese are the best entrepreneurs...
   
 
 
CNBC - TV18 (MONEYCONTROL.COM)
Mkt rally unlikely to sustain for long: Jim Walker
Fri, May 22, 2009 at 10:41 , Updated at Mon, May 25, 2009 at 14:50 
 
Jim Walker, Managing Director of Asianomics, while speaking to CNBC-TV18, expressed doubt over sustainability of the rally -- both in global markets as well as India. He, however, added that India remains his only holding among Asian markets.

India's 7% growth unrealistic; see 4-6% ahead: Jim Walker
Published on Thu, Mar 05, 2009 at 10:54 , Updated at Fri, Mar 06, 2009 at 08:53
 
Jim Walker, MD, Asianomics, said markets are becoming impervious to interest rate cuts as impact of rate cuts is taking a long time to come through. According to Walker, 2009 will be a very difficult year globally, but India will be stable country. “I expect India’s GDP growth at 3-5%, which will be better than most of Asia.”
Fri, Oct 03, 2008 at 11:01 , Updated at Tue, Oct 21, 2008 at 15:50
 
Stock futures have fallen after the bailout passage. Asian markets have also slipped marginally post the US Senate passage of the bill. Jim Walker, Managing Director of Asianomics, said that there is a possibility of negative US GDP numbers starting this month and that there may be much weaker economic growth in 2009. Also, the interest rates will fall sharply in Europe and the US, he said. Walker further said that the balance sheets in the whole financial system in the West need to shrink.
 
Wed, Sep 17 at 09:29 , Updated at Wed, Sep 17 at 14:14
 
Jim Walker of Asianomics said that markets have not discounted crisis and that it can see a 20% downside. Also, he feels that the equity markets troubles are not over and that a downside of another 25% cannot be ruled out. However, he added thatmarkets could see a correction of upto 25% from the current levels.

Fri, Aug 29 at 10:53 , Updated at Mon, Sep 01 at 20:56 
 
Jim Walker, MD, Asianomics, feels that the macros may be back on track but he see one more repo, CRR hike. He feels that the credit growth has still not eased off.
Thurs. 12 Jun 2008, 8:53 AM
 
Jim Walker, MD, Asianomics: The RBI was faced with the problem of money supply and loan growth not coming down fast enough and its balance sheet growing too fast, indicated by the still strong FX inflows. I expect more tightening to come and more downside for the markets. Inflation is a problem across Asia and I see a lot of tightening across the region this year....
 
DNAINDA.COM
Big Bears and Butterflies
Monday, March 16, 2009  | Venkatesan Vembu
 
Last week, I interviewed celebrated economist Jim Walker in Hong Kong; it was published in DNA in three segments - an expansive one with his global economic outlook (It's grim), and two smaller ones with his views on China's economy ("Could be the world's worst-affected") and India's economy ("Constructive")."
   
 
BLOOMBERG.COM
Thursday, 19 February 2009 | By Susan Li

Jim Walker, chief executive officer and managing director of Asianomics Ltd., talked with Bloomberg's Susan Li in Hong Kong on Feb. 19 about impact of the global credit crunch on China's economy, and the outlook for inflation and monetary policy. China's inflation accelerated to the quickest pace in more than 11 years after the worst snowstorms in half a century disrupted food supplies.
  
7 January 2009 | By William Pesek

“This year is going to be characterized by much, much weaker growth in China than I think people are anticipating,” says Jim Walker, chief economist at Asianomics Ltd. in Hong Kong.  
 
Tuesday, 2 December 2008 | By Kevin Hamlin


“China is now at the heart of the global slowdown,” said Jim Walker, chief economist at Asianomics Ltd., an economic advisory firm in Hong Kong. “It means that global growth is probably going to be dragged down close to zero next year.”

Walker, voted best regional economist in an Asiamoney magazine brokers' poll for 11 years through 2004 when he worked for CLSA Asia Pacific Markets, estimates China will grow zero to 4 percent next year, with a 30 percent chance of a contraction.
 
 
Wednesday, 16 April 2008 | By Nipa Piboontanasawat and Li Yanping

... "Economic growth is still very strong and inflation is out of control,'' said Jim Walker, chief economist at Asianomics Ltd. in Hong Kong. ``The authorities will need to raise interest rates a lot more and let the yuan appreciate.''


Dr Jim Walker on Bloomberg.com
 
BRISBANETIMES.COM.AU
Our love affair with China is cooling but far from over
February 10, 2009 | Peter Hartcher
 
... One of the small number of economists to predict its present doldrums, Jim Walker of Asianomics, writes that his "concerns are centred on the current cycle and not on the long-term prospects for China becoming a market economy. The trend towards private property is in place, the trend towards market opening is continuing and the trend towards a more rational policy framework is ongoing."
   
 
TIME.COM
Bet on Bond
Wednesday, Feb. 11, 2009 | By Jim Walker

During his recent confirmation hearings, Timothy Geithner, the new U.S. Treasury Secretary, described China as a "currency manipulator." Like all politicians, he qualified his statement with various good wishes toward the Chinese, but the damage was quickly done. Markets began to wonder if China would retaliate by scaling back its massive purchases of U.S. government debt, contributing to a 70-basis-point sell-off in 10-year U.S. Treasury bonds between Jan. 26 and Feb. 4.
 
Tuesday, Feb. 03, 2009 | By Michael Schuman / Hong Kong

At a time of nearly universal dismay over the business outlook, there are few experts anywhere who can out-gloom Jim Walker, an economist at an independent Hong Kong research firm called Asianomics. In his thick Scottish accent, Walker predicts the worst global recession since the Great Depression. GDP in the U.S., he says, could contract as much as 5% in 2009, and Europe by 2%. He is no more bullish about the economies in his area of specialty: Asia, a region where most of his colleagues foresee more buoyancy. China won't see GDP rise more than 4% in 2009, he says, and the country's economy may not grow at all. "There is going to be precious little growth anywhere," Walker says.
 
22 January 2009 | By MICHAEL ELLIOTT

Jim Walker, from the research firm Asianomics, chooses a different comparator as he looks to the global economy this year. "We haven't seen anything like this since the 1930s," he says, guessing that the U.S. economy will contract by anything between 2.5% and 5% of GDP. Matthew Sharratt, an economist at Bank of America in London, predicts a 2.9% drop in GDP for the U.K., "the worst recessionary experience since the 1970s."
 
Monday, Jan. 19, 2009 | By MICHAEL SCHUMAN

Jim Walker, an economist at independent research firm Asianomics in Hong Kong, says "the big danger" in Asia is a "round of competitive devaluations" of Asian currencies that sparks protectionism in the West. Walker fears that China, in its efforts to support growth and the millions employed in export factories, will eventually allow the yuan to depreciate, forcing all other Asian countries to do the same to keep their exports competitive. "If conditions do worsen, then every lever in the Chinese toolkit will be pulled" to muster a recovery, Walker says.
 
 
TIMESONLINE.COM
Jim Walker, the managing director of Asianomics, believes that China’s potential downfall may lie in the extent to which it has too long allowed capital to be mispriced. It has done this, he argues, by regulating retail lending rates, manipulating the renminbi exchange rate and overt interference in market pricing mechanisms for key factors such as energy and food. When that is shaken down, the global effects will be far-reaching.
 
LIVEMINT.COM
Sun, Jul 6 2008. 11:11 PM IST  | Edward Chancellor
 
While this view of China’s prospects may prove correct in the long term, serious clouds are appearing on the horizon. That’s the view of Jim Walker, former chief economist of CLSA and founder of the Hong Kong-based consulting firm Asianomics. Walker adheres to the Austrian school of economics, whose most famous exponents include Ludwig von Mises and the Nobel laureate Friedrich von Hayek.   
FORBES.COM
Second Helping For Bank Shorts
Mon. Jun. 30 2008, 6:00 AM | Robert Lenzner
 
This stark outlook comes from a very sober financier indeed, and it was echoed in a recent report titled "Apocalypse in Motion," by Dr. Jim Walker of Asianomics Limited. "The Fed has been joined in its unprecedented efforts to maintain financial stability even at the potential expense of extreme moral hazard by the Bank of England and the European Central Bank, both of which have also provided liquidity against questionable securities," writes Walker. "The new era of asymmetric central banking--no recognition or effort to prevent bubbles on the way up but every effort to reflate them on the way down--is in full swing. It is an era that is bound to end badly."
   
 
CNBC
Another False Dawn?
Fri. Mar. 13 2009  | 8:10 AM | Martin Soong & Amanda Drury

The equity markets are probably headed for some sharp reversals over the next few weeks, believes Jim Walker, founder & CEO of Asianomics. He explains his dire forecast to CNBC's Martin Soong & Amanda Drury.

Wed. Sept. 10 2008 | 9:15 AM | Martin Soong & Emily Chan

The ideal strategy would be to exit Asian equities altogether, opines Jim Walker, founder & CEO of Asianomics. But he is overweight Hong Kong.
Fri. Jun. 13 2008, 9:45 AM | Martin Soong & Sri Jegarajah
 
Jim Walker, founder & CEO of Asianomics believes the growth in China might slow down even further from his 2008's fourth-quarter forecast of 6%-8%.
 
Thurs. Apr. 17 2008, 9:21 AM | Martin Soong, Sri Jegarajah & Emily Chan
 
China's monetary policy is incredibly loose, which would stimulate the economy, as well as inflation, says Jim Walker, founder & CEO of Asianomics
 
 
Inflation not Controlled Through Yuan
Thurs. Apr. 17 2008,  9:41 AM
 
Chinese authorities are not using yuan appreciation to control inflation, says Jim Walker, founder & CEO of Asianomics.
 
 
Long Gold
Tues. Mar. 11 2008, 11:35 AM
 
Jim Walker, founder & CEO of Asianomics, tells CNBC's Amanda Drury that he is long on gold, to hedge against inflation.
 
 
China's CPI Hits 11-year High
Tues. Mar. 11 2008, 11:09 AM
 
China's Feb CPI rose 8.7% year on year, the highest in over 11 years. Jim Walker, founder & CEO at Asianomics discusses the surprisingly high reading of inflation with CNBC's Amanda Drury.
   
 
BUSINESS STANDARD
"Not much downside from here...at the most 10%"
December 29, 2008 | By Jitendra Kumar Gupta
 
Jim Walker, the founder and managing director of Hong Kong-based Asianomics, believes that the worst is not yet over and there could be bad news flowing with regards to industrial and GDP numbers. The corporate earnings could equally be in bad shape and surprise the markets. Meanwhile, he suggests that investors be cautious and selective while investing as the difficulties could last till the middle of financial year 2010.
 
 
MARKETWATCH.COM
Tuesday, 15 April 2008 | By Chris Oliver, MarketWatch

... "The trend that's there is banks are going to be coming back to do the same thing pretty frequently," said Jim Walker, an economist and founder of the Hong Kong-based economic advisory Asianomics. "That's what happens when banks are in deep trouble; basically this is an exercise in trying to shore up their capital base given the amount of write-downs they've got."
 
 
INVESTMENTMARKETS.CO.UK
Indonesia inflation quicker than expected last month
Tuesday, 1 April 2008 | by Peter Charalambous

...according to Jim Walker, chief executive officer of Asianomics Ltd “they have fueled expansion in money and basically they are creating their own problem, as they are probably the worst country in the region for failing to recognize that there is a problem brewing.”
 
 
SIFY.COM
Thursday, 13 March 2008 | by Venkatesan Vembu / DNA MONEY

Financial institutions in India probably have sub-prime problems that are “waiting to be exposed,” says Jim Walker, noted economist and CEO of Asianomics.
 

MEDIAFLY

Mediafly.com
Wednesday. 23 Jan 2008
 

THE STANDARD

Wednesday. 21 Jan 2008
 
 
 

 
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