Lionheart Group Scam Prevention Steps

The time for a dollar bounce is at hand. One reason I make that statement is the single best contrarian indicator on the US dollar has spoken. Please consider Dollar Rout by Peter Schiff, July 15, 2010. Peter Schiff has proven to be a huge contrarian indicator on commodities, on China, on foreign investments, and on the US dollar. I suspect this video will be no different. In the video, Schiff makes a case that it was impossible to see these bounces coming. I disagree and have called …

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Time for a Dollar Bounce

Chinese Debate Allegations of Fraudulent Credentials Wall Street Journal Mr. Fang, who uses the pen name Fang Zhouzi when blogging, said résumé fraud rates are much higher in China than elsewhere. In an e-mail to The Wall Street … and more

World Wrestling Entertainment will host its first live event in China as part of a campaign to demonstrate its willingness to invest long-term to develop the country’s interest in what it calls “live sports entertainment’

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WWE looks to muscle its way into China

Walt Disney, the US media group, addresses a nascent market need in China for lessons that are both fun and effective with Disney English, a chain of children’s English language schools

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English as spoken by Mickey Mouse

The five-billionth mobile phone will be connected this weekend, analysts predict – a milestone achieved through rapid economic development in China and India and the proliferation of people owning second devices in North America and western Europe

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Mobile usage reaches 5bn milestone

The global economy continues to cool with China’s purchasing index barely above contraction levels, weekly unemployment claims in the US not only stubbornly high but headed in the wrong direction, and the US ISM weaker than expected. Bloomberg reports China Manufacturing Slows for Second Month, PMI Shows.China’s manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world’s third-largest economy is moderating. The Purchasing Managers’ Index …

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China Manufacturing Slows for Second Month; US ISM Weaker than Expected; Weekly Unemployment Claims Stubbornly High; Existing Home Sales Plunge

For those who claim there is not property bubble in China because of strong demand, let’s take a look a home prices to wages starting with a simple question: How long does it take you to buy this home? In the traffic congested city streets, an advertiser was busy handing out flyers for the newly constructed condos. “Beautiful homes, starting at 29,800 yuan per square meters”, one flyer ended up in the hands of a cab driver who was waiting in traffic. He looked at the flyer and thought “It takes …

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How Long Does it take for the Average Chinese Worker to Buy a Home?

There have been plenty of signs in recent months that the corporate world is falling out of love with China, but none more revealing than Jeff Immelt’s remarks on a Roman summer evening.

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GE chief gives vent to frustration over China

Without a licence Google would be forced to shut down its operations in China, which could eventually jeopardise its position as the world’s leading online advertising company

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Advertising lead put in jeopardy

After tweaking the automatic redirect function, the US company hopes Beijing will agree to renew its licence as an internet content provider – the precondition of keeping the China site open

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Google searches for truce in China

The world’s biggest maker of earthmoving equipment signals a big increase in production in emerging markets, as it expands manufacturing facilities in China and Brazil

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Caterpillar expands in emerging markets

Google said that it was making a final attempt to retain a presence in mainland China after the Beijing government threatened to close its Chinese operation

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Google faces loss of China licence

Apple is in talks with China’s second-largest mobile phone carrier to bring its hit iPad and latest iPhone to the world’s most populous country

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China Unicom in talks over iPad and iPhone 4

Tagged with Barack Obama, China, Congress, Democrats, Fannie Mae, financial crisis, financial reform bill, fraud, Freddie Mac, Government Sponsored Enterprise, GSE, House, Obama, President Obama, scam , Senate, transparency …

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Freddie Mac and Fannie Mae costing US Taxpayers Trillions « Scotty …

Gap, the US clothing retailer, is to open four stores and an e-commerce operation in China late this year in its most significant overseas expansion in more than a decade

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Gap tries China for size with four new stores

The world’s largest social network is looking east for its next phase of expansion, as it prepares to take on entrenched competition in China, Russia and Japan

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Facebook looks east to increase its profile

The world’s largest social network is looking to China, Russia and Japan for its next phase of expansion as it prepares to take on entrenched competition in those countries

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Facebook targets new territories

A list of conditions from Taiwanese regulators fearful of excessive economic dependence on China leads to an extension of the sale deadline for the American insurer’s life insurance unit by three months

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Regulatory demands delay sale of AIG unit

Reuters (press release) US Stocks Rise On Richer Chinese Yuan Forbes The bulls showed up on Wall Street Monday morning as news that China will allow its currency to appreciate led to a stampede of big gains for exporters and … U.S. Stock-Index Futures Rise as China Pledges Yuan Flexibility San Francisco Chronicle all 115 news articles

Stock and commodities futures are up headed into Monday’s trading on news that China has “unpegged” the Yuan. Please consider Yuan Climbs Most in 20 Months After China Signals End to Peg. The yuan climbed the most in 20 months against the dollar and forwards jumped after China’s central bank relaxed a two-year peg before a Group of 20 summit this week. The currency advanced 0.37 percent to 6.8010 per dollar as of 3:54 p.m. in Hong Kong, the biggest gain since Oct. 7, 2008, …

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Yuan Climbs Most in 20 Months – a "Whopping" .37 Percent; Are we Supposed to be Impressed?

MEG Energy, an Alberta oil sands producer 17 per cent owned by China National Offshore Oil Corporation, plans to raise more than C$500m through a public share offering

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MEG Energy plans C$500m IPO

Stephen Roach does not seem to understand what a bubble is. He makes the same arguments in dismissing China’s property bubble that we heard in the US, regarding “solid demand”. Please consider China’s Housing Market Isn’t Overheating, Roach Says The property boom in China isn’t a bubble because it’s supported by “solid” demand for residential housing, according to Stephen Roach, chairman of Morgan Stanley Asia Ltd. While portions of the real-estate market such as high-end …

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Stephen Roach says China’s Housing Boom is Not a Bubble; I say "Nonsense"

Congress is one again shaking its currency-manipulation rattle. What’s different this time is Geithner appears to be listening. Please consider Geithner signals U.S. patience waning on China currency. Treasury Secretary Timothy Geithner indicated U.S. patience on China’s currency policy was wearing thin on Thursday as a key lawmaker warned that he would move soon on legislation that would penalize Chinese goods. Striking his toughest tone on the yuan since delaying a decision in early …

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Talk of Trade Wars with China, Tariffs, and Currency Manipulation Move to Forefront; US Trade Imbalance – Whose Fault is It?

BP, Goldman Sachs, jobless claims in the spotlight MarketWatch … economic data from China, Japan and Australia as well as gains in commodity prices helped investors overlook Wednesday's late losses on Wall Street . … and more

Futures Rise on Euro, China Report FOXBusiness The risk trade was back in place on Wall Street Thursday as surging Chinese exports and the rallying euro combined to lift the Dow about 200 … and more

Stacy Summary: We look at “sucking gold and slurping silver” with Goldman Sachs in China and at banks refusing to buy back their toxic loans from Fannie Mae and Freddie Mac. …. investors with fat interest rates from the sale of confidential legal settlements that were nothing but fiction, as well as fake bank statements showing money in accounts that didn’t exist. Money from new investors was used to pay off older ones, until the scam collapsed in late October.” …

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[KR50] Keiser Report – Sucking Gold & Slurping Silver with Freddie …

A year ago the talk of the town was how governments would abandon the US dollar in favor of Euros and this would be the death of the dollar. At that time China denied speculation it was diversifying out of the dollar. Look at how things change. Now China denies speculation is it diversifying out of Euros. Please consider China Euro Policy Denial Prompts Detection of Changes.The euro weakened 2.4 percent against the dollar last week even after China’s State Administration of Foreign Exchange, …

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China Denies Speculation about Diversifying from Euros; Oil in Euros Revisited; No Good Currency Choice Except Gold

Customers of the Taiwanese technology manufacturer evaluate working conditions at factory in southern China after raft of suicides

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Apple and Dell investigate Foxconn plant

(From Green Chip Stocks) The days of drab cubicles and workstations without the natural light from skylights are behind us. The shared copy machine and water cooler might still find a place in the modern office, but the winds of change are beginning to rustle… A new study by Johnson Controls Inc. reveals that those Generation Y members entering the workplace or preparing to do so have high expectations for what their “office should look like and offer its employees. The WorkTech10 Conference in New York staged the unveiling of the research project OXYGENZ, a study is aimed at providing the first look at the Generation Y workplace expectations. WorkTech10 is a forum for those involved in the future of work and the workplace, as well as real estate, technology, and innovation; the conference’s themes include smarter cities, buildings, sustainability, and new research into Generation Y and business agility. Thus, the conference seemed the perfect forum at which to release the results of the OXYGENZ project, which queried more than 3,000 individuals, aged 18 to 25 in the United States, Germany, India, China, and the United Kingdom. Surveys were conducted both in person and online, including questionnaires for nearly 400 individuals aged 36 to 45 for further context and comparison. A total of 5,375 individuals responded to research questionnaires for this study. Read more.

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Gen Y Waves Bye-bye to the Cubicle and Fluorescent Lighting

(From PRWEB) — Putting a price on carbon pollution and investing in clean technology projects in developing countries could create hundreds of thousands of jobs in the US and help America catch up to China and Europe in the clean energy race, according to a new report issued by World Wildlife Fund. WWF’s report highlights a significant, but rarely discussed, economic angle to the Senate’s deliberations on the American Power Act, which was recently introduced by Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.). Unlike the House-passed climate bill, which set aside one percent of revenues from emissions auctions for international clean technology investments, the American Power Act contains no such dedicated funding stream nor a program to guide these public investments. This lack of secure, long-term funding would limit the job-creating potential of the legislation by limiting the opportunities for American companies to export their energy technology to global markets. “We’re leaving jobs on the table that this provision could create,” said Lou Leonard, WWF’s Director of US Climate Policy. “If America wants to have any chance of catching Europe and China in the clean energy race we simply cannot afford to ignore international markets for American clean technologies.” Read more.

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Investing In Clean Energy Projects Abroad is Key to Creating Jobs

While China remains the biggest competitive battleground for the car industry, carmakers are mining some of their richest profits in South America’s largest market.

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Fiat and VW lead push for Brazilian market

The sovereign wealth funds of China and South Korea are set to lead a $900m investment in a leading US producer of natural gas from shale rock, becoming the latest Asia-based groups to focus on the sector

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Asian sovereign wealth funds target US shale gas

Rabid believers in the China growth story may need to reconsider. Already deep in the red on the year, China Stocks Plunge Most Since August on Property Curbs, Europe China’s stocks plunged, driving the benchmark index to the biggest loss since August, on concern government steps to cool the property market and European austerity measures will hurt economic growth. China Vanke Co. paced declines by developers after Premier Wen Jiabao said the government will “decisively” contain gains in …

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China Equities Sink 5%, Down 22 % for the Year; What will China do with its much beloved peg to the US dollar?

Is China a canary in the coalmine of an impending global slowdown, or is China simply overloved as a beacon of growth as it was in 2008? I think it’s both. China’s property and infrastructure bubbles are massive; that is for certain. Moreover, China’s biggest export trading partner is Europe, just as Europe is headed for numerous austerity programs. While it’s doubtful the European austerity programs bring deficits down to where they are supposed to be, those programs will for a while …

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Canaries in Coalmine: China, Asia, not Participating in Euro Bailout Lovefest; Beginnings of China Credit, Real Estate Bust

Taobao, China’s leading retail e-commerce company, has unveiled an alliance with Yahoo Japan Shopping, as the Alibaba unit looks to internationalise its business

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China’s Taobao and Yahoo Japan announce tie-up

China Business says China May Announce 4 Trillion Yuan Stimulus.China will announce in August a new stimulus package of possibly 4 trillion yuan ($586 billion), the China Business newspaper reported on its Web site, citing unidentified sources. The plan, from China’s National Development and Reform Commission, will likely cover nine industries including information technology and new energy, the report said. I have no idea if that is true or not. What I do know is how insane that is, if it is …

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Another $586 billion "Stimulus" Coming to China?

The Chicago Tribune had an excellent set of charts this weekend in A Tsunami of Red Ink regarding US government debt and who owns it, and also a comparison of US debt to the national debt of other countries. Debt as a Percentage of GDP Comparison of US Debt to Other Countries Click on the link at the top to see foreign holders of US debt country by country. The top three US debt holders are China, Japan, and Canada. Some will not believe those figures on debt to GDP comparisons. I …

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Tsunami of Red Ink – Global Look at National Debt and Who Owns US Debt

The electric car infrastructure company has announced its first deal with a carmaker in China, potentially the biggest future market for battery-powered cars

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Better Place in China deal

BBC News Oil prices tumble on Goldman charges AFP The charges are believed to be the first brought against a Wall Street firm for speculating on the collapse of the US housing market, which is still … COMMODITIES-Down on Goldman probe, China tightening talk Alibaba News Channel all 303 news articles

MiamiHerald.com Wall Street Roundup: Goldman. Goldman. Goldman. And Citigroup. Los Angeles Times (blog) Goldman, Goldman, Goldman. There is little talk about anything other than Goldman Sachs and the SEC's blockbuster suit against the firm. … Indian Shares Slip On Goldman Fraud Charges, China Property Curbs Wall Street Journal Japanese shares tumble on stronger yen, falls in Wall Street Xinhua Goldman Sachs fraud charges hit Asian stocks AFP Bloomberg

Portfolio.com Indian Shares Slip On Goldman Fraud Charges, China Property Curbs Wall Street Journal MUMBAI (Dow Jones)–Civil fraud charges by US regulators against Wall Street giant Goldman Sachs and China's tightening measures to curb its booming … Futures Fail to Rebound FOXBusiness Goldman Sachs Stock, Board Under Pressure Amid Probe BusinessWeek It's Time to Cut Goldman Sachs and the Rest of Them Down to Size Huffington Post (blog) Chicago Sun-Times

Goldman Sachs and Deutsche Bank have secured lead roles in the blockbuster initial public offering of Agricultural Bank of China

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Goldman and Deutsche take lead in China bank IPO

These folks are all living free and clear …. hell , Fannie and Freddie will even be paying their local RE taxes TOO! So the dead beats are now free to rush down to Best Buy and use their mortgage money to buy gadgets from China and Japan … I’m still waiting for somebody like SenseonCents or Fox News or somebody to delve deeper into these 2 million folks whose loans are now in FNM/FRE portfolio and whats happening to them but i smell an Obama scam to reward the deadbeats …

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Rep. Jen Hensarling (R-TX): “You Are a Sucker” | Sense on Cents

The third biggest US oil group agrees to sell its holding in Syncrude, one of the world’s biggest oil sands mining and synthetic crude processing sites, to China’s Sinopec for $4.65bn

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Sinopec buys Conoco’s 9% stake in Syncrude

Bank of China: 2 HK staff charged in Lehman case BusinessWeek Thousands of small Hong Kong investors complain they were misled about products linked to Lehman and were left in limbo when the Wall Street bank collapsed … and more

Most Apple fans outside of the US, for now, can only dream of buying an iPad. But not Apple aficionados in China. Some mainland China and Hong Kong stores are selling “grey market” imports of the gadget

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Grey market begins sales of Chinese iPads

In spite of much yapping by economists, especially Paul Krugman, I strongly doubt a currency repeg by China would do much (if indeed anything at all) to cure any global imbalances. As a starting point in understanding why, please consider this statement made by Michael Pettis in response to a comments on his post How will US savings rate rise if you don’t penalize consumption? “…to use a controversial example, if the US were able to force up the value of the dollar by 20% or more …

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Why Repegging the Yuan and Other Non-Free-Market Solutions to Trade Imbalances With China Will Fail

China is back in the forefront of US policy concerns. Here are a number of articles to consider on whether or not China is a currency manipulator, and if so what to do about it. Geithner Sidesteps Congress Geithner Delays Currency Report, Urges Flexible Yuan U.S. Treasury Secretary Timothy F. Geithner delayed a scheduled April 15 report to Congress on exchange-rate policies, sidestepping a decision on whether to accuse China of manipulating the value of the yuan. Geithner in a …

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Congress Pressures Geithner To Label China A "Currency Manipulator", Geithner Postpones Action

In response to 10 Signs of Speculative Mania in China “Panda” a Chinese, commented on the real estate bubble in China. Panda Writes:I am from China and I am shocked by the real estate bubble in China. Housing in China now is more expensive than in the US, while salaries are way lower than in the US. Housing is out of reach for most wage earners, and more than 80% people in the past year bought houses as an investment. The common belief is that Government will not let housing …

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Email from a Chinese on China’s Real Estate Bubble

Google’s business in China started showing signs of unravelling as unreliable search performance shook advertisers’ and users’ confidence

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Google’s business in China starts to unravel