The economy of China is stable and growing due to the government stimulus program focused towards infrastructure per World Bank’s Quarterly Update. Imports of raw materials have increased though exports have not due to lack of demand from overseas. China has tremendous potential to grow the domestic market. About 42 Chinese ADRs trade in the …
Continue reading ‘A Look at Top Five China ADRs by Market Cap’ »
The total assets the top banks of the world grew by 6.8% in 2008 per The Banker magazine. However there was no asset growth among the top 10 banks in the list shown below. The Top 25 World banks for 2009 based on Asset Growth are: [TABLE=164] Source: The Banker Royal Bank of Scotland (RBS) …
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The United States Federal Reserve is creating too much money, putting the US on the same path as Zimbabwe which, I guess you heard, has finally created so much money that its currency is now officially worthless. Worthless! From the US to Zimbabwe Migrant workers are hit hard by the Spanish recession Spain drain Now …
Continue reading ‘Weekend Wisdom: U.S. About To Go Broke? Edition’ »
The Banker magazine has released the Top 1000 world banks for 2009 based on their Tier 1 capital. The following are the Top 25 from the rankings: [TABLE=163] The Top 3 ranked banks are the US-based banks with JPMorgan Chase (JPM) being the number one bank.The other two US banks are Bank of America(BAC) and …
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