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 […]
Tag Archives: China
Economy Slowing, Government Clueless, Americans Discouraged
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 […]
A Look At Geopolitics And China’s Rise to Power
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 […]
Get Ready For Biflation And The Era of Wrestling With China For Oil
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 […]
Posted in Finance at First Light
Also tagged Deflation, Inflation, Japan, unemployment, US politics, war
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Fed to Spur Growth; Summers Spares Nation by Quitting
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 […]
Posted in Finance at First Light
Also tagged Federal Reserve, Financially Stupid People, housing, Summers, Taxes
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