Norway denies paying for the US free lunch
The Norway Sovereign fund that is investing the money from oil export surpluses is running away from bonds of risky countries like USA and France. If writing this 10 year ago the author could be considered crazy. But now it happens
Read more...The Chinese eco-dumping as a double-edged sword
China is facing serious and increasing ecological problems. The country has succeeded in making in 30 years a super industrial revolution, that took the rest of the world 200-300 years. Based on modern technologies and extracting the global markets China is ruining its environment, using its sacrifice as one of the many competitive advantages to attract building new and new factories.
Read more...China extracting more and more wealth from the stupid West
Chinese export is extremely going up, at the same time EU, USA and Japan are agonizing and trying to revive themselves by the means only of money-print. China felt no serious crisis since 2008, while the previous developed countries are moving from one crisis towards another.
What is happening?
When the socialism is rising, you should prepare for poorer times
Some analysts used the news of the Hugo Chavez passing away as a ground to suppose the socialist neo-revolution in Latin America is losing power. In fact it is exactly the opposite. And Chavez was just a small star on the sky of the socialism that is advancing around the world.
Read more...Dow at a new record, but far from the real bubble potential of... 42000
Today the Dow Jones Industrial Average marked a new historical record. Wall Street is happy, the crisis is behind us, at last we surpassed the pre-crisis level, and the asset value loss is erased. I think before we go to the profit ecstasy, we must first take in mind that when Wall Street is going excellent while the real economy is going tragically, this must make us expect some rebalancing :)
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