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.
India’s $2,500 car made possible by the wonders of a homegrown process called “frugal engineering” was going to revolutionize the auto industry…first in India and then the world.
China’s growth is still over 9%. That’s outstanding for every single economy in the world but one. Yes, you guessed it, China’s. So when the numbers came in yesterday that China’s inflation had receded to a more acceptable level, to 5.5% in October from 6.1% in September, it was very good news and not just for the giant Asian country.
Is the demand for pork finally exhausted? Or is something else going on causing prices to slide? And what does the future hold for this “other white meat?”
What is the country nobody has heard of but has one of the most impressive growth rates in the world? Indonesia.
