“I see the GDP growth rate slowing to around 8.4 percent this year, but judging from the current situations of government policies and the economy, the odds of a hard landing for China’s economy are slim.”
Don’t expect a pat on the back if you’ve just invested in banks. Yes, I know, they’re cheap, for some irresistibly cheap. Plus there’s the old Wall Street adage that says financial stocks lead market rebounds in the early stages of a recovery. How can you go wrong? Discounted prices combined with
I’m not surprised that a pretty good article on China comes from a non-China expert. China experts carry too much baggage. They tend to put too much faith in China’s leaders or they think they’re a bunch of charlatans. Neither is the case. Nobel-prize economist Paul Krugman nails it when he says…
Money talks. Governments, multilateral banks like the World Bank, private banks and corporations have all spoken with their wallets. And the verdict is in. Clean technology rules. Or so says the $187 billion spent last year on electricity from the wind, sun, waves and biomass. The old fossil standbys of oil, coal
Is the mining boom over? BHP and Rio Tinto aren’t going that far. But they’re clearly getting worried. The Eurozone’s problems, along with a soft economic recovery in the US are hurting business, they say. They also note that banks aren’t providing the trade finance that used to be available to grease
The headline dollar amount from China is a whopper: $1.7 trillion to be spent on clean technology and hi-tech sectors. Wow!
Was the trade agreement between the US and Korea (just recently approved by Korea’s ruling party) that one-sided? No, and they rarely are. But they do expose a country’s labor force and economy to new global competitive pressures and they have a way of exposing an economy’s weaknesses.
Buffett likes Japan. He’s over there right now, looking for opportunities. And he’s not just tossing valentines out for local consumption. This is classic Buffett, along the lines of his advice to buy when others are fearful.
