Guest Post: China Holds The Key To The Financial Future

Guest Post: China Holds The Key To The Financial Future

Via MBMG's Paul Gambles If you do not change direction, you may end up where you are heading Lao Tzu, 6th-5th century BCE Things are looking up in the world economy, apparently. US stock prices are on the up — this time because of firms’ quarterly results, not just central bank force-feeding. Added to that, in its latest World Economic Outlook,[1] the IMF suggests that global economic activity is “picking up with a long-awaited cyclical recovery in investment, manufacturing and trade.
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One thought on “Guest Post: China Holds The Key To The Financial Future

  1. There are plenty of private (assuming this word applies there) businesspeople in China that know the difference between contrived and authentic economic results. I would prefer to infer reality from them than the IMF. Since the whole original debacle was based largely on mortage debt here, and since people are being “forced to borrow” there, you have to be more than a little deluded to think that the world economy is anywhere near a safe trajectory. And never forget the recent growth attribution to USA and China in current data. If things were humming at all now, crude would be over 60 bucks, especially with a weak dollar. So when are things going to start humming? Jeffrey Snider thinks sentiment will revert back to actual, not the reverse. Hope has “sprung eternal” for quite awhile. Maybe that goes to the integrity of a throng if people sporting PhDs in economics.

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