The Shanghai Composite index is down over 21% as of last Friday and continues to fall further. An article titled “Chinese Savers Turn to Their Stockbrokers” in the latest edition of Bloomberg BusinessWeek suggests that equities are now preferred over savings and real estate. From the article: “Ordinary Chinese investors are looking to stocks for …
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Chinese real estate prices continue to rise defying gravity. Prices in big cities such as Beijing, Shanghai, etc. are beyond the reach of the middle-class. I came across this video of a frustrated Beijing resident throwing shoe at a property developer. Related articles:1) China property prices continue rise in April “SHANGHAI — Property prices in …
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An article in the Wall Street Journal today discusses about China’s voracious demand for coal. A couple of important points from this article: In March coal imports jumped 165% from March 2009 As the country’s power generation capacity is projected to increase by 10% this year, the demand for thermal coal would rise In the …
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The U.S. personal savings rate as a percentage of disposable income stood at about 4% at the end of 2009. The last time the savings rate exceeded 10% was in 1984. Compared to most other countries, the US has the lowest personal savings rate in the world. Household debt as a percentage of GDP and …
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The World’s Top 10 Credit Card Issuers based on year-end 2009 data are listed below: 1. Bank of America (BAC) 2. Chase (JPM) – Had 119.4 million cards in circulation in the US 3. Citibank (C) – Had 92 million cards in circulation in the US 4. American Express (AXP) 5. Capital One (COF) – …
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