The World Bank released the China Quarterly Update, June 2009 recently. This report offers an in-depth analysis of the current state of the Chinese economy. Some highlights from this report are presented below. China’s economy declined in the first part 0f 2009 but thanks to the infrastructure-focused “RMB 4 Trillion” stimulus plan announced by the …
Continue reading ‘China’s Economy Stable But Strong Growth Unlikely Soon’ »
Alan Greenspan dubbed as “a conundrum” the failure of bond yields to respond to his 2004-05 Federal Reserve monetary tightening. Yet there was no mystery then, nor is there now, in the reverse situation. No conundrum, merely market forces working against the efficacy of Fed chairman Ben Bernanke’s helicopter money. No conundrum, again The fund …
Guangshen Railway Co (GSH) is the lone foreign railroad listed in the New York Stock Exchange other than the Canadian railroads. From the Wikipedia: “Guangshen Railway Company Limited operator of Guangshen Railway, the 152-kilometre railway link between Guangzhou and Shenzhen in Guangdong, China. The company is engaged in railway passenger and freight transportation businesses between …
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