Bernanke was asked specifically whether the rise of GOLD should get him worried about the dollar reserve status. He doesnt seem to be too worried. But then he was not worried when the sub prime crisis was blowing off into his face in 2008.
On a serious note, what does he know? Gold is in a [...]
U.S. government declared its fourth quarter GDP which grew at a 5.7% annual rate. This number didn’t result from actual economic growth per se, but from a slower rate of decline of inventories. Inventory numbers that were falling at a slower rate acccounted for approximately 3.4% of the 5.7% GDP growth at the end of [...]
World Bank economists yesterday warned about the risks of asset bubbles in China even as the government tries to hold back excessive lending and keep prices stable.
Housing prices in 70 major Chinese cities increased by 7.8 percent year-on-year in December, the fastest pace in 2009. This has been backed by a ever increasing surge of [...]
China Migration: An opportunity of a life time | read this item
China undoubtedly is the future of world growth. People who question its growth only needs to visit the country once and I promise you, that you will never doubt it ability to lead the world out of the recession.
The country is on unparalleled infrastructure and capacity creation mode which is pulling the world factories and [...]
Chinese stocks: Is Correction over? | read this item
The question on everyone’s mind right now is whether the correction in the Chinese stock markets is over. Chinese analysts believe so.
China Daily quotes
The outlook for the Chinese stock market in 2010 still remains robust with promises of rewards for those who are perseverant and resilient, notwithstanding the recent declines, a leading analyst said [...]
China Auto sector to take a breather | read this item
Auto sales this year are forecast to surge a little more than 10 percent from last year’s figures to more than 15 million units.
The country’s auto sales last year grew by 46.2 percent year-on-year, the fastest in more than a decade. Last year, 13.65 million units were sold to mark the nation as the world’s [...]
China and Greece: Partners to be? | read this item
Greece is seeking to raise 53 billion euros ($74 billion) in funds this year to reduce a budget deficit of almost 13 percent of its gross domestic product (GDP), the biggest shortfall in the European Union. It reportedly is persuading China to buy as much as 25 billion euros of its bonds.
This could be the [...]
China GDP accounting: A Major overhaul? | read this item
It is high time that China respond to the world on bringing a higher degree of standardization across their GDP calculation as reported by National Bureau of Statistics (NBS) and Provincial states GDP Numbers. It has been reported that some local officials inflate the GDP figures they report to the NBS to show how [...]
New York Times reports:
President Obama will send a $3.8 trillion budget to Congress on Monday for the coming fiscal year that would increase financing for education and for civilian research programs by more than 6 percent and provide $25 billion for cash-starved states, even as he seeks to freeze much domestic spending for the [...]
10 Geopolitical & Economic Predictions for 2010 | read this item
A look at the current worldwide political and Economic climate and 10 strategic predictions covering Oil & Gas, Health, Afghanistan, Asset Values, Iran & Israel & others.
US GDP: The breakdown | 
China Property Bubble | 
Chinese stocks: Is Correction over? | 
China Auto sector to take a breather | 
China and Greece: Partners to be? | 
