Wednesday, 23 May 2007
A Growth Sector Too Dangerous to Ignore
Andrew Gordon's of the Investor's Daily Edge writes that chinese imports of minerals from nickel to coal are continuing to prop up commodity prices. China also remains as the number-one buyer of U.S. government bonds, which is how the U.S. government raises money to pay off its debts. That allows the US to keep buying boatloads of cheap Chinese imports, which help put a lid on inflation here.
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