So what happens when you have great news from China verses same old, same old from Europe? In the Eurozone unemployment levels hit 17-year lows. About 17 million people are out of work and the jobless rate is sucking air at 10.7%.
While the US stock market has been rallying, Asia’s markets have been lagging behind. And if the US markets undergo a big correction, it would stop the rallies in Asia in their tracks, says Erwin Sanft of BNP Paribas Securities.
When I was growing up most people loved “the bomb.” It was our shield… our security blanket… and our ultimate weapon of choice against what was then called the “Red Menace.”
Then in the early 1960s we found that the ultimate weapon had a peaceful sidekick: The ultimate energy source. The US was still in its pre-Vietnam euphoric days of believing in endless possibilities.
Is China’s 20-year growth “spurt” over? None other than China’s outgoing premier, Wen Jaibao, thinks it may be so. China is in for a difficult stretch of big and transforming political and economic changes.
“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
