RE: China world economic core in 2016.
April 27, 2011 at 10:16 pm
(This post was last modified: April 27, 2011 at 10:20 pm by theVOID.)
(April 27, 2011 at 4:29 pm)Chuck Wrote: BTW, I am not sure what the meaning of the phrase in the title "world economic core", is.
Not my language, I had assumed it was a mix of their becoming the largest sovereign nation in terms of the size of the economy, their currency rapidly gaining purchasing power, the pervasiveness of their manufacturing sector and the trends of financial institutions setting up major offices - I agree the term 'core' doesn't really work, but that's the sense I got.
(April 27, 2011 at 9:58 pm)DeistPaladin Wrote: That's because they fucked up my country and, in the process, the rest of the world.
Agreed, the only problem is the "solution" is just going to make shit worse.
Bernanke looks like he's stopping QE2, that's potentially good news for inflation, though your treasury might be doing something similar, Bernanke hinted at a stimulus towards education spending during the press conference, not a bad idea if they're going to insist on mucking around with the markets regardless, definitely better than giving it to corporate fuckers.
Despite the FED announcement he dollar is down, the DXY closed at 73.10, that's only 1 point shy of the worst of the recession. Gold was up $16 yesterday, that's around 1.2% i believe. Good gains.
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