HONG KONG (MarketWatch) — Japan’s trade deficit widened sharply in November, as
a steep decline in exports outpaced a fall in imports, official data showed
Monday. The gap between imports and exports increased to 223.4 billion yen ($2.48
billion) during the month, compared with a deficit of 67.7 billion yen in
October. Exports skidded 26.7% from the same month [...]
BEIJING, Dec. 13 (Xinhua) — China plans to increase its currency supply by 17 percent in 2009, 3 or 4 percentage points more than the combined GDP and price rise, the State Council, or the cabinet, said in an on-line statement on Saturday.
At the same time, the State Council decides to increase 100 billion yuan [...]
Tax cuts do not create spending or stimulate growth when the economy is stuck in a liquidity trap. Show me a guy with disposable income who gets a tax cut, and I’ll show you a guy who saves that extra money instead of spending it. Cutting the corporate income tax is the most useless way [...]
BEIJING, Nov. 30 (Xinhua) — China saw its domestic logistics turnover increased 23.8 times during 1991-2007 period, representing an increase of 22.2 percent annually.
Domestic logistics turnover increased to 75.2 trillion yuan (11 trillion U.S. dollars) in 2007 from 3 trillion in 1991, said Lu Jiang, China Federation of Logistics and Purchasing head.
Foreign enterprises invested 6,996 [...]
Previous related posts: U.S. Ships 800 Billion “AMEROS” to China; prepares to De-Monetize U.S. Dollar and I HAVE OBTAINED AN ACTUAL “AMERO” FROM THE SHIPMENT SENT TO CHINA
Physical gold is being bought at hair raising speed.
Investors big and small are buying and many are desperate for they can not get their orders filled.
gold [...]
The cause of this downtrend:
1. American has been providing a excess supply for the past 30 years. People produce a lot of unnecessary products, people believe no matter what to produce, there is a customer. This is what makes retail store expanding so fast.
2. The financial system hasn’t been regulated since last crash in [...]
The Chinese are going to sell now, and any good trader would also. The dollar has strength right now, and demand built in from the credit contraction.
If I were them I’d start shopping my business needs around to the resource rich emerging markets that are starving for USD liquidity. They’ll be able to gain what [...]
Other car companies do not have to deal with a fraction of the interference American car companies do. And I am not talking about EPA ratings.
I am amazed they have lasted as long as they have under these circumstances. This country has done everything possible to put American Industrial business out of business since [...]
China is a huge net exporter to the rest of the world… that is how they accumulated $1.8T in reserves. A lot their GDP out is dependent on commodity production like coal, oil, gas as well as manufactured goods with very little intellectual property. In other words, low margin manufacturing.
As the rest of the [...]
When the DOW went to 14,000, it set a new price high but, the value, what you could buy if you sold the DOW at 14,000, wouldn’t buy you what it would when it peaked in 2000.
We could see DOW 50,000 within a year if the G-20 meeting were to announce a new global currency [...]
Paulson’s mission is to consolidate wealth to as few hands as possible. By propping up failed banks, we are destroying their competitors who functioned soundly. This is disastrous manipulation of the markets. Paulson is not only rewarding the worst performing financial institutions, but encouraging them to do the same again. Imagine you are a community [...]
DOW JONES NEWSWIRES
The lethargic world economy could hurt South Korean exports in the first half of
next year, the Yonhap news agency said, citing a top government official
Wednesday.
Minister for Knowledge Economy Lee Youn-ho, speaking to local businessmen, said
the financial turmoil sparked by U.S. sub-prime mortgage issues and the collapse
of Lehman Brothers Inc. (LEH) is affecting growth [...]
GM: Sold 159,000 Autos In China In Aug, Sep; Down 2.3% On Yr
Last Update: 10/16/2008 5:36:06 AM
(MORE TO FOLLOW) Dow Jones Newswires
October 16, 2008 05:36 ET (09:36 GMT)
Possibly Related Posts:
Macy’s can not get through this recession
In the end, America is bankrupt.
SUNDAY NITE SLOW JAMS DEBUTS ON WESTWOOD ONE — Sunday Nite Slow Jams Airs on [...]
2008: there are 1.3 billion Chinese
Their favorite food PORK
2080 there are 2.0 billion Chinese
Their favaorite food PORK
Who is the most succesful pork conglomerate in China?
Zhongpin, Inc. (HOGS) (HOGS: 10.70 -8.55%)
On Oct 10 2008 they (again) raised estimates for 2008
Sales to be $ 550-$570 millions from $ 500 milion
Profits to be up to $ 1.17 a [...]
quote:
Mr Cherry said that a worldwide shortage of hops as well as increases in heating and fuel bills had put a large financial strain on producing beer.
http://www.theoildrum.com/node/4646
=========================
The Oil Drum has a lot of articles today on energy issues around the world. Some are good news but some are not so great for what we can [...]
Stumble It!