Yesterday’s episode of the Daily Reckoning left off with the question of whether 5,000 was in sight on the ASX 200. The answer today is that it is just over the horizon. The index closed up 2.3% to 4,695. The more investors thought about the recovery/China/demise of the dollar story, the more they liked buying stocks (especially gold stocks).
October 8th, 2009 | Dan Denning | 26 comments | ContinuedAll Posts Tagged With: "Chinese Economy"
The Bubble Deniers Deny that Their Own Stimulus Caused it
In the non-communist world, if a man had money and no bread, he exchanged the former for the latter…and sat down to dinner. As if guided by an ‘invisible hand,’ millions of people did the same thing. Everyone tried to get a bit more grease on his plate, by making his own decisions based on the facts before him.
July 20th, 2009 | Bill Bonner | 9 comments | Continued
JPMorgan and Goldman Sachs Making Billions in Profits
But here at The Daily Reckoning, we can’t help ourselves. If we see a silver lining, we look for the cloud. We see garbage…we look for the rat… We begin with the JPMorgan profit announcement, because it is the most intriguing. Let us set the stage…
July 20th, 2009 | Bill Bonner | 9 comments | Continued
Market Driven by the News
It was another “blah” day on the overnight markets. If you think markets are event-driven (the news drives the market) this makes sense.
July 10th, 2009 | Dan Denning | 0 comments | Continued
Chinese Economy Seems to be Growing
One of the risks we think is especially understated for China is the risk of central planning. Investors tend to favor China – over, say, India – because they think the Chinese government – even in the hands of communists – is capable of guiding the economy to prosperity.
May 11th, 2009 | Bill Bonner | 1 comment | Continued
The New Chinese Era
People still criticise the monolithic power of the Chinese Communist Party, but the relative change is what strikes anyone who knew the old China. China may not respect civil rights or allow certain kinds of free political discussion, but the new China is inexorably much more open and free than the old China.
March 6th, 2009 | William Rees-Mogg | 9 comments | Continued
Chinese Economy Appears to be Transitioning Into a Sustainable Form of Adolescence
A dozen or so gun-laden soldiers from China’s People’s Liberation Army (PLA) stood quietly among the customs agents at Lo Wu Station. The KCR East Rail, the commuter train that left Hong Kong at Tsim Sha Tsui 45 minutes prior, pulled in for its last stop. Shenzhen, once a remote Chinese fishing village nestled peacefully at the mouth of the infamous Pearl River Delta, towered in the distance.
May 15th, 2008 | Chris Hancock | 0 comments | Continued