The Chinese real estate market, like all markets handled by humans, is losing touch with reality. Here’s a quote from Yumiuri Shinbun: China aims to contain bubble economy. Holding down real estate, consumer goods prices will be key to achieving stable growth. BEIJING–The decisive factor in China’s efforts to guide its fast-growing economy toward sustainable [...]
The Biggest Shock to Gold Since Nixon By Christian A. DeHaemer, Wednesday, October 6th, 2010, Wealth Daily Have you looked at the market lately? The Dow is pushing 11,000. The S&P 500 has broken out above 1,150 and seems to be going to 1,220. Brian Sack, a senior official at the New York Fed, said [...]
Blaming China Won’t Help the Economy By ANATOLE KALETSKY The Asian nations’ interest in American politics stems not just from America’s standing as the sole global superpower, but also from a growing belief among Asian leaders that the era of United States hegemony will soon be over, and that the polarization of its politics symbolizes [...]
The Euro skidded to 1.22 per US Dollar last night, as international investors scorned the $1 Trillion Dollar package put up by Trichet and the other Political Play Boys and Girls of Europe. The FOREX market is a Global Game. Traders around the world exchange up to Eight Trillion Dollars worth of currencies and derivatives [...]
Dr. Pinna says: It seems unlikely. How could a currency which forty percent of the world uses, suddenly disappear? But paper is paper. If the countries of Europe start saying Auf Wiedersehen to each other, which countries will pay the bonds, notes and other contracts written with the Euro as the currency? This political and [...]
