THE KELLY LETTER OR
This is the Financial Almanac for Friday, February 25, 2011. 6-Minute Podcast Episode Receive this and future episodes in iTunes or another player with this feed URL: In iTunes, go to the “Advanced” menu, select “Subscribe to Podcast” and paste the feed URL into the dialog box. To hear just this one episode, click here. [...]
I’m concerned that inflation is taking hold in China and will accelerate into hyperinflation that sends China’s economy over the edge. The following appeared in the Want China Times last week: “China continued to be the largest money-supplying country in 2010 as its M2, a broad measure of money supply, was up 19.46 percent at [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW China’s Property Bubble Might Deflate Slowly | If so, those betting on an imminent crash will be disappointed. Tax Uncertainty Keeps Hiring On Hold | Do you know what your tax rate will be on January 1st? Neither does anybody else. The Economy Is Slowing [...]
This morning’s Kelly Letter contains the third part in a three-part series I’ve done on the potential for military conflict over oil as China rises, demands more of the world’s resources, and becomes aggressive in Asia. If you’d like to read this morning’s installment, which focuses on Japan’s caving in to China’s demands last Friday [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Volcker “Not Worried About Deflation” — Or Inflation | Maybe we’re in for a “biflation” of rising global commodity prices and falling domestic prices. US Loses Another 12,000 Jobs | Initial jobless claims for the week ending Sept. 18 rose to 465,000. GOP Issues “Pledge [...]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW The Fed is willing to provide additional accommodation to spur growth. Gold is soaring in anticipation of more dollar-destroying action from the Fed. Larry Summers is quitting his job as Thrasher in Chief of the US Economy. If you’re rich, you’ll pay higher taxes next [...]
Don wrote: China plans to create a Wall Street equivalent financial center in Tianjin, as shown in this Forbes story. The article says they intend to relax rules to allow individual Chinese to invest in the stock market, and that is no small thing. Personal Chinese wealth is booming. Automobile sales are increasing 25% a [...]