Century Global Center

You have got to hand it to the Chinese. They have managed to do two things with relative ease that will probably get the goat (by the beard) of many in the Western world. They have managed to open the largest free-standing building in the world and secondly they have done it despite the fact…

Woes of the EU

The EU doesn’t really know which way to turn at the moment. It would probably be better, quite honestly, just to dig a hole in the muck-laden ground and stick their heads into it all together. Or crack open the ‘booze’ that the French won’t be selling to the Chinese anymore and drink till the…

Goodbye Mervyn, Hello Mark

As we wave goodbye to Mervyn King, former Governor of the Bank of England (ready for him to take up his seat in the House of Lords so that he can sit back and now relax), his successor, Mark Carney hasn’t even had the time to let the seat go cold at the Old Lady…

Global Growth Will Be Down

Global economic growth has been downgraded today in a new forecast that has just been published by HSBC. According to analysts at HSBC, the forecast has been brought lower due to Federal Reserve decisions to cut Quantitative Easing coupled with the slowdown in growth being experienced notably by China, but also by other emerging countries…

China Will Adjust Liquidity

  The statement was issued through the official news agency of the People’s Bank of China, the Xinhua News Agency today stating that china will adjust liquidity. It went on to mention that “prudent” monetary policy would be implemented and would continue to be used, but fine-tuning would be used where and when appropriate in…

Gold Plunges

Gold has gone down Friday to under $1, 200 an ounce and that means it’s reached its lowest point for the past three years. Worse than that: it’s been the worst quarterly performance for gold for 45 years! But the mere mining of gold is now just under the market value of gold and this…