Bottom line, for the next two year’s we expect China’s robust growth to be a solid underpinning to demand for commodities of all sorts, sustaining the growing global interest in them as an asset class.
Read moreThe factionalization (new word) of America is becoming absurd. US News & World Reports reported that McCain made a great move talking about his shopping at COSTCO. Pollster Zogby says that COSTCO’s mainstream customers are must-wins in the fall election campaign. Zogby noted that McCain still needed to win the more conservative WalMart shoppers.
Read moreIn general terms, one may say that the Baltic States achieved really an impressing performance since their independence in the early 1990s. Nobody thought at that time that EU membership could be possible already in the year 2004. Indeed, the EU adaptation process meant a lot to the economic development in the past ten years [...]
Read moreLooking beyond the current turmoil in global capital markets, that longrunning subject — what outlook for the dollar? — seems likely to involve further decline in its value against the euro and other major currencies.
Read moreTo put into perspective possible structural changes for the Fed and ECB, it is useful to look at their origins. The Federal Reserve Board today describes itself as “an independent entity within the government,” whose Chairman is appointed by the U.S. President, subject to Senate confirmation.
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