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How China Deals With Deflation: A 60% Pay Raise For 39 Million Public Workers
How China Deals With Deflation: A 60% Pay Raise For 39 Million Public Workers While the rest of the developed world, flooded with re-exported deflation as a result of now ubiquitous money printing, scrambles to print even more money in hopes of stimulating the economy when all it is doing is accelerating a closed deflationary loop (at […]
Ukraine Stiffs China for Billions It Owes
Ukraine Stiffs China for Billions It Owes China paid Ukraine $3B two years ago for grain still not delivered, now demands refund. Another $3.6B that’s owed to China, will probably also default. Eric Zuesse Russia’s RIA Novosti News Agency reported, on January 17th, that China is demanding refund of $1.5 billion in cash and of an […]
China’s interest in mining Antarctica revealed as evidence points to country’s desire to become ‘Polar Great Power’
China’s interest in mining Antarctica revealed as evidence points to country’s desire to become ‘Polar Great Power’ New evidence has emerged of China’s interest in exploiting Antarctica’s minerals despite an international agreement preventing it. It is thought the icy continent has abundant supplies of oil, gas, coal and iron ore. An emerging polar power, China […]
China shares plunge, Europe eyes crunch ECB meeting
China shares plunge, Europe eyes crunch ECB meeting (Reuters) – Chinese shares chalked up their biggest one-day slide in nearly seven years on Monday after regulators there took steps to rein in speculative lending, while investors everywhere braced for what is shaping up to be a critical week in the euro zone. Expectations are high that the […]
World Bank forecast causes markets to tumble
World Bank forecast causes markets to tumble Copper prices – seen as measure of global economy – fall along with shares, after growth prediction cut to 3% Copper prices fell and shares plummeted across Europe as markets reacted to the World Bank’s decision to cut its economic forecasts for this year and next. The price […]
Japan Boosts Defense Spending to Counter China Island Claims
Japan Boosts Defense Spending to Counter China Island Claims Japan will increase defense spending for a third straight year as Prime Minister Shinzo Abe seeks to counter China’s claims to remote islands in the East China Sea. The budget for the year starting April will be 4.98 trillion yen ($42 billion), up from 4.84 trillion yen in fiscal […]
A New Sino-Russian Alliance?
A New Sino-Russian Alliance? CAMBRIDGE – Some analysts believe that 2014 ushered in a new era of Cold War-style geopolitics. Russian President Vladimir Putin’s invasion of Ukraine and annexation of Crimea was met with heavy economic sanctions from Europe and the United States, weakening Russia’s ties with the West and leaving the Kremlin eager to […]
At Last The ‘Experts’ Wake Up To Oil
At Last The ‘Experts’ Wake Up To Oil Boy, did the ‘experts’ and ‘analysts’ drop the ball on this one, or what’s the story. Only today, Goldman’s highly paid analysts admitted they’ve been dead wrong from months, that their prediction that OPEC would cut production will not happen, and that therefore oil may go as […]
Vast reserves of fossil fuels should be left untapped
Vast reserves of fossil fuels should be left untapped Researchers have identified the major producers of coal, gas and oil that stand to lose most financially if agreement is reached on radical cuts needed to avoid dangerous climate change. LONDON, 8 January, 2015 − The sheer scale of the fossil fuel reserves that will need to […]
One Region That Could Benefit Most From Low Oil Prices
One Region That Could Benefit Most From Low Oil Prices The current low price of oil so far has been a mixed blessing for the world economy. Some countries, such as the poor OPEC member Venezuela, are hurt by the price drop. Many others benefit, in most cases simply because their businesses and consumers pay […]
China to invest $20bn in struggling Venezuela
China to invest $20bn in struggling Venezuela China has agreed to invest more than $20bn in economic, social, and oil-related projects in Venezuela, as the country struggles from a financial crisis brought on from falling oil prices. President Nicolas Maduro said on Wednesday he was seeking to strengthen ties with Chinese banks after meeting Chinese […]
Crude oil falls to lowest price in five years
Crude oil falls to lowest price in five years Crude oil prices have fallen below $50 per barrel for the first time since 2009, hit by OPEC’s production stance, oversupply, weak demand and the strong dollar. European Brent oil dived to $49.81 a barrel on Wednesday, a 5-year-low. New York crude had already slumped under […]
Top Five Factors Affecting Oil Prices In 2015
Top Five Factors Affecting Oil Prices In 2015 As we ring in the New Year, let’s take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months. The big question is what oil prices […]
2015: A World Ruled by Hubris, Willful Blindness and Desperation
2015: A World Ruled by Hubris, Willful Blindness and Desperation Issuing lies and pursuing willful blindness is not leadership: it’s failure on a grand scale. Rather than issue predictions for 2015, this week I’ll cover themes that I believe will be consequential in the year ahead. The first theme is the dominant psychological dynamic […]
“Now There’s Not Even Soap” Maduro Heads To China To ‘Save’ Socialist Utopia Venezuela | Zero Hedge
“Now There’s Not Even Soap” Maduro Heads To China To ‘Save’ Socialist Utopia Venezuela | Zero Hedge. Social media is awash with striking images of #EmptyShelvesInVenezuela (#AnaquelesVaciosEnVenezuela) as the evaporation of basic human staples such as toilet paper has now been hyperinflated to total chaos at warehouses and supermarkets. As President Maduro decries the loss of […]
