Dec. 21 2010 | China will continue to use the RRR as a major policy tightening tool, says May Yan, director and head of China banks research at Barclays Capital. She speaks to CNBC's Karen Tso and Adam Bakhtiar about how this will impact bank earnings in 2011.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Wednesday, December 22, 2010
Jim Rogers on The Fed Funny Money - Freedom Watch 12/21/10
Financial Guru Jim Rogers covers Fed Funny Money on Freedom Watch 12/21/10
Dec. 21, 2010 - Financial guru, Jim Rogers, joins Judge Andrew Napolitano on Freedom Watch to discuss sound investments, the Federal Reserve, and basic economic principles on the path to prosperity.
Labels:Jim Rogers
Freedom Watch
Power Shortages in China Short of Coal
Power Shortages in China Short of Coal
For people living in north and central China, winter just got a bit colder. A shortage of coal has left power companies unable to meet heating energy demands. It's forcing some areas to ration electricity.
Coal shortages are nothing new to the region, with bad weather often disrupting deliveries.
But this year, matters are worse. Coal companies are holding back some of their supply, because they are not willing to sell to power companies at the below-market rates mandated by the Chinese regime.
Coal provides about three quarters of China's electricity, and it's used to power the large, centralized heating systems of the north.
Coastal cities have had it a bit better as they are able to supplement with imported coal.
For people living in north and central China, winter just got a bit colder. A shortage of coal has left power companies unable to meet heating energy demands. It's forcing some areas to ration electricity.
Coal shortages are nothing new to the region, with bad weather often disrupting deliveries.
But this year, matters are worse. Coal companies are holding back some of their supply, because they are not willing to sell to power companies at the below-market rates mandated by the Chinese regime.
Coal provides about three quarters of China's electricity, and it's used to power the large, centralized heating systems of the north.
Coastal cities have had it a bit better as they are able to supplement with imported coal.
Labels:Jim Rogers
China Coal
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "