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Stratfor reports that Chinese exports have not picked up as expected, or at least hope, so the Chinese bad lending/debt binge is expected to continue for at least the next year. But never fear, Chuck Schumer is on the scene, declaring the Chinese to be “mercantalists!” What could possibly go wrong?
OK I’ll admit, it’s a stretch for me to sit here in my comfy office chair in Northern California and opine about the future of the Chinese economy…especially since I’ve been there exactly zero times. But the internet is a wonderful place, and it’s a fun sport anyway, so with that disclosure out of the […]
Is the Chinese stock market. Gold is hitting record highs, oil is breaking through to yearly highs, the DOW and S&P are hitting recent highs – but the Shanghai Composite languishes… China: Taking a breather, or rolling over? Source: Yahoo Finance Do Chinese investors know something we don’t? You may recall that Chinese markets turned […]
Guru Marc Faber scoffs at China’s latest reported GDP numbers – remarking that the Chinese government knows their GDP numbers three years in advance! He estimates that when all sectors in China are averaged out, the country is likely growing at 2-3% per year – a far cry from the 8% that is being reported. […]
If you’re bearish like me, you may have found yourself wondering earlier in the week: How the hell did Intel report results that good? Intel is not a company that juices quarterly results (cough, GE, cough) – so the odds are they really did sell as many chips as advertised. But how? Is the green […]
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