Bailout and Financial Crisis News

Jim Rogers calmly states that the Euro will not exist in 20 years: CNBC: The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world’s two current bubbles, legendary investor Jim Rogers [...]

(This guest post previously appeared at the author’s blog) The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate — astrologers tell us that the year of the Tiger is often a year of instability and conflict — and I suspect things will almost certainly get worse. [...]

Senior Obama administration officials say the nation’s economic recovery could stall if Congress doesn’t pass a climate bill this year. The officials warn that investors are so uncertain about the future cost of emitting greenhouse gases that they are sitting on capital rather than pouring it into “clean” technology, new power plants or energy-intensive manufacturing. The administration [...]

Chinese are drawing some lessons from America’s teapartiers, coming out to oppose potential new property taxes. Thing is, the ranks of these tax activists come from China’s rapidly growing demographic of wealthy Communist Party members. Bloomberg: Now some of the most financially successful members are voicing opposition to government initiatives from within the system. They echo American Tea Partiers [...]

Chinese officials are closing the ranks when it comes to the nation’s yuan exchange rate policy — the currency will only be adjusted when China is ready and when it is in their interest. Moreover, the yuan isn’t to blame for America’s economic problems according to commerce spokesman Yao Jian. The trade deficit is a natural outcome [...]

Excitement is high in the Chinese real estate market and even Chinese insurance companies are jumping into the fray. Most notably, China Life (LFC US, 2628 HK), China’s largest insurance company by assets, is actively looking for architects: Caing: China Life Properties, with registered capital at 254.4 billion yuan, has 2.9 billion yuan of total assets. Besides insurance, [...]

Earlier we mentioned the possibility that the combination of higher capacity utilization and still-high unemployment would put Ben Bernanke into an uncomfortable position of having, possibly to raise rates before he was ready. But it’s become evident that the real problem is the way the lack of employment has pushed folks in the US to push [...]

Chinese Premier Wen in no uncertain terms has told the US that they will not be pressured into revaluing the yuan and when the moment does come, it will be under China’s terms. He said “I do not think the renminbi is undervalued…We are opposed to countries pointing fingers at each other or taking strong [...]

It might be time to put Korea on your radar if you haven’t already. The economy has been rebounding, but this has been partly due to stimulative monetary policy (surprise, surprise). Stocks have done extremely well since their 2009 bottom. Thing is, according to the man who called the Asian financial crisis, Korea’s ride [...]

We hear a lot about inflation in China, but not so much in fellow BRIC India. So just as a heads up, the scene is ugly. Here’s the latest from Waverly Advisors: February Wholesale Prices in India registered at an annualized 9.89% versus 8.56% in January according to a Ministry of Commerce release this morning, with the critical [...]

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