Tweet
Low cost trades, higher leverage
Advertise here
Low cost trades, higher leverage
Forex Brokers:
Advertise here
Advertise here
Advertise here
Advertise here
Advertise here
Results 1 to 2 of 2
  1. #1
    Senior Member
    Join Date
    Jan 2013
    Location
    Auckland, New Zealand
    Posts
    726
    Rep Power
    2

    Default Chinese GDP Contracts Again

    China reported GDP of 7.5% which marks the second consecutive contraction for the world’s third largest economy. Despite the contraction, market participants took it in stride. I do applaud the Chinese for not succumbing to market pressures who want the Chinese government to unleash an idiotic stimulus package like The Septic tank did in the U.S.

    The Chinese government understands that the key to a strong economy is sustainability and not to patch up the economy and lift it artificially while hoping for a positive outcome. Sure, China did stimulate the economy at times and as they felt necessary and not as markets wanted them to.

    Another great difference is that when China stimulates the economy they do so with a budget surplus and do not have to borrow from future growth and generations while the Septic Tank just loaded a $2 Trillion of debt to the Fed’s balance sheet.
    When it comes to monetary decisions and fiscal policy I think China is doing the right thing and sets an example for the butt-monkeys in the U.S. Fed, over at the much hated Bank of Japan and right into the heart of the EU in Frankfurt.

  2. #2
    Senior Member
    Join Date
    Nov 2012
    Posts
    503
    Rep Power
    3

    Default

    Thanks for this information. Very informative post.

Similar Threads

  1. China Manufacturing Contracts Further
    By thelastbear in forum Forex Trading Discussion Forum
    Replies: 0
    Last Post: 07-02-2013, 07:41 PM
  2. Trading Gold - Future Contracts
    By Johnkitty in forum Stocks, Bonds, Futures, Options And Commodities Forum
    Replies: 1
    Last Post: 07-06-2010, 05:02 PM
  3. Chinese New Year BIG Sale!!!
    By the_sakura in forum Advertising
    Replies: 7
    Last Post: 01-27-2008, 06:38 PM
  4. Can we speak Chinese here?
    By ben1117 in forum Feedback & Suggestion
    Replies: 14
    Last Post: 05-19-2007, 12:34 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Advertisement

Sponsors




Increase your deposit by 30%. Expand your trading opportunities. Earn more profit!
 
Advertise here