Posts Tagged ‘China’
Since the early days of the Eurozone debt crisis, insiders have identified China and its $3.2 trillion in foreign reserves as a potential contributor to a Eurozone bailout fund. Today, Premier Wen Jiabao gave markets reason to believe this may yet be the case when Wen suggested that China is considering the options for how [...]
I hit the brakes when I saw this headline:
China may need to export car surplus
While China is by no means the only large consumer of crude oil, the country’s growth trends have been reason enough to be bullish. We’re told the demand for automobiles and the Western lifestyle will mean higher crude oil [...]
“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.”
-Ron Paul
We got some good feedback from our article on Friday. Below are a few reader comments and our responses. Enjoy. (And [...]
When I hear someone mention China in the midst of a political discussion aimed at understanding our future economic path, I shake my head.
There are very real reasons to give China’s economy lots of press. What they have accomplished over the last 30 years — major reform and a relatively more open economy — is [...]
The People’s Bank of China announced a 50 basis point reduction in the required reserve ratios for deposit taking financial institutions, effective 5th December 2011. The new required reserve ratios will average 21.00% for large banks, and 19.00% for small banks. The move potentially marks a shift in policy focus to growth by the Chinese authorities, and [...]
Jim Chanos, a U.S.-based hedge fund manager well-known for his negative outlook for China, told a television audience on Friday that China’s economy is about to enter a period of significant contraction. Chanos has long held the belief that the event to trigger the collapse will be a sharp decline in property values.
At his most [...]
By The Sizemore Letter
For The Gap (NYSE: $GPS), it is the best of times…and it is the worst of times. The company just announced that it plans to close 189 of its namesake stores across the United States. This amounts to a full 21 percent of its American stores.
At the same time, The Gap intends [...]
Europe and all things European have been holding the world’s attention to an extent that it’s all too easy to forget that life goes on elsewhere. One of the corollaries of the European shock has been a general global deleveraging rolling right through to the emerging markets.
TMM had some pretty dark things to say [...]
Quotable
“A population weakened and exhausted by battling against so many obstacles — whose needs are never satisfied and desires never fulfilled — is vulnerable to manipulation and regimentation. The struggle for survival is, above all, an exercise that is hugely time-consuming, absorbing and debilitating. If you create these anti-conditions, your rule is guaranteed for a [...]
