Chinese gross domestic product growth eased to 10.3% this quarter, compared to growth of nearly 12% last quarter. Mark Spelman from Accenture considers the outlook for China
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Thursday, July 15, 2010
Charles Nenner China at Risk of Greece-like Debt Crisis,
Charles Nenner no double dip yet but US economy is rolling over , we slowly going to double dip "I hope it's going to stay a recession, any major problems will really get us into depression. I'm still very negative on the outcome of this big economic crisis "
Nenner believes that China risks a Greek-like debt crisis "Most people do not know that you could have a Greece like crisis in China , well that sounds surprising , that problem in China and I really have this from people there high in the government that I work with , The problem is they gave out a lot of loans to farmer and the farmers are simply not paying back and are not into the way of thinking that they have to pay it back,so they will also be under water if they do not get their money back..." so despite the trillions of foreign reserves that the government of China has if the population continue not paying back their loans they are also going to be into trouble says Charles Nenner...
Nenner believes that China risks a Greek-like debt crisis "Most people do not know that you could have a Greece like crisis in China , well that sounds surprising , that problem in China and I really have this from people there high in the government that I work with , The problem is they gave out a lot of loans to farmer and the farmers are simply not paying back and are not into the way of thinking that they have to pay it back,so they will also be under water if they do not get their money back..." so despite the trillions of foreign reserves that the government of China has if the population continue not paying back their loans they are also going to be into trouble says Charles Nenner...
Jim Rogers Buy The Euro Now
"When no one wants something that should be a signal to buy it," "Everyone has been selling the euro, so I bought some, if only for the rally."
“This doesn't mean that I think European governments have got their act together. Far from it. But the euro could go up from a rebound rally.”
“Nearly every currency in the world is flawed, the euro just happens to be less flawed than others,” Jim Rogers told the Telegraph.
“This doesn't mean that I think European governments have got their act together. Far from it. But the euro could go up from a rebound rally.”
“Nearly every currency in the world is flawed, the euro just happens to be less flawed than others,” Jim Rogers told the Telegraph.
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