June 10, 2009
China’s Commodity Buying Spree
HONG KONG — Strong buying by China has helped lift commodity prices around the world this spring, but growing evidence suggests that a sizable portion of this buying has been to build stockpiles in China, and may not be sustainable.
Uh-oh.
Some economists say they are bullish on commodities because they believe that the United States and European economies are on their way to recovery.
Uh-oh.
Fifteen Hours Ago
You should get back into stocks if you'll stay in
Q: After losing a fortune on stocks I moved my money into a savings account. Now, I'm losing ground again as interest rates fall and stocks recover. Should I dip back into stocks of big, stable companies?
Uh-oh.
One Hour Ago
Stocks fall as dollar pushes oil, commodities down
Stocks slid Monday following steep drops in Europe and Asia as a stronger dollar pushed commodities and materials prices sharply lower. The market was also disappointed that an index of manufacturing in New York indicated that demand weakened in June from May.
From now on, when you take a [blue] chip, just take one dip and end it.
Thursday: Unemployment Claims, PPI, Fed Chair Powell
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Thursday:
• At 8:30 AM ET, The *initial weekly ...
6 hours ago
3 comments:
Speaking at the National Summit in detroit Vikram Pandit, the CEO of Citigroup Inc, said :
"SOMETHING WENT WRONG OVER THE LAST FEW YEARS"
http://tinyurl.com/ndmkpb
Understament of the year award.
Kevin
That Pandit is a smart guy.
Korla Pandit? ;)
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