golden
Junior Member
Posts: 399
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Post by golden on Jul 3, 2011 19:29:21 GMT 10
Take it easy out there guys  g Attachments:
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ach
New Member
Posts: 29
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Post by ach on Jul 7, 2011 13:32:28 GMT 10
China announced interest rate hike and the market went up.
Market going up on bad news. That's a good sign.
Wen JiaBao wrote an article in the Financial Times (on June 23rd) saying that China has managed its inflation problem well. And the market rallied after that. Maybe China is loosening its tightening measure?
ach
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Post by fastoy on Jul 8, 2011 9:19:51 GMT 10
Most of the general economic news I'm seeing last few days is very positive. Even the US is looking better, which may not be a surprise to those of us who think the US market is a future indicator.
Australia's market ex-mining is in a terrible state and has been for over a year, probably a reflection of all the uncertainty around. And now we officially have the third most expensive cities in the world to live in. Others are Oslo (Norway puts a lot of its oil wealth in to a fund) and Osaka.
China is poised to grow strongly, which is probably why BHP and RIO are so confidently spending billions on expansion of their operations.
My thoughts come from a big mixture of daily and hourly news wire stories too numerous to quote.
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