Yuan Gangming, a researcher at the Center for China in the World Economy (CCWE) at Tsinghua University, said the US government is currently in an abnormal post-crisis period, so increasing the scale of debt will be a long-term and regular measure before the country's economy is back on track.
So raising the debt limit would be good news for investors, but bad for China, the largest holder of US Treasury securities, he said.
"Although reducing US Treasury holdings seems like a choice, China will have to continue its investment, because, after all, we have very limited choices of investment," Yuan said.
Increase of gdp: tear down & then rebuild
war of currencies à gold gains
gold shelter
Congress will probably push this to the brink, but they will raise the debt ceiling before the country defaults. The first rule for most politicians is to get re-elected, and the easiest way to guarantee losing in 2012 is to throw the country back into recession. If that happened, I believe the voters would correctly blame the leaders of Congress, and I think Congress knows that too. Therefore it won't happen. I'm not worried and neither are investors.
Links to bonds
Graphite à solar panel
I’ll let you in on a secret. The debt ceiling will be raised. Sorry to ruin the surprise, but this entire sordid episode has nothing to do with our dire economic situation. It is solely about the 2012 elections. Both parties are conducting overnight polling on which talking points are working best in convincing the sheeple that their party is less likely to be blamed. Posturing and polling are what passes for leadership in America.
http://www.investingdaily.com/tes/18844/africa-an-oil-and-gas-powerhouse.html
Three publicly traded foreign companies hold significant acreage in this region: US independent producer Anadarko Petroleum Corp (NYSE: APC), UK-based Tullow Oil (LSE: TLW, OTC: TUWOY) and newly listed Kosmos Energy (NYSE: KOS).
ExxonMobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX)
- Italy’s trade deficit is the third worst in the world.
- Among OECD countries, Italy has the seventh-worst economic growth. The country’s service sector declined in June at the fastest pace since August 2009.
- The business climate in Italy is relatively poor, ranking only 80th out of 183 countries, the worst in Western Europe.
Some positives are as follows:
- Italian Finance Minister Giulio Tremonti has promised to get additional austerity measures passed by parliament.
- Moody’s says that Italy’s debt situation is “relatively stable” and the average maturity of Italy’s long-term debt is 7.09 years, which gives the country the time needed to make necessary fiscal spending adjustments.
- PIMCO is buying Italian bonds.
- Mario Draghi, head of Italy’s central bank, recently stated that Italian banks would comfortably pass the European Banking Authority’s stress tests.
Best Italian Stocks
| Italian Stock | Market Capitalization | Industry |
| Eni (NYSE: E) | $80.3 billion | Oil & Natural Gas |
| Enel (Other OTC: ENLAY.PK) | $54.3 billion | Electric Utility |
| Telecom Italia (NYSE: TI) | $23.7 billion | Telecommunications |
| Saipem (Other OTC: SAPMY.PK) | $22.0 billion | Energy Services; 43%-Owned Subsidiary of Eni |
| Luxottica Group (NYSE: LUX) | $14.5 billion | Eyewear |
| Fiat (Other OTC: FIATY.PK) | $12.4 billion | Automobiles |
| STMicroelectronics (NYSE: STM) | $8.2 billion | Semiconductors; Headquartered in Switzerland but Large Operations in Italy |
| Natuzzi (NYSE: NTZ) | $178 million | Leather Furniture |
| Gentium (NasdaqGM: GENT) | $140 million | Biotech |
http://www.scribd.com/fullscreen/59935414
Niciun comentariu:
Trimiteți un comentariu