Translate

Search This Blog

Search Tool




Aug 15, 2010

NYT: Breaking News Alert: China's Economy Passes Japan's in Quarter, Becoming the World's Second Largest. August 15th., 2010


Breaking News Alert
The New York Times
-----

China's Economy Passes Japan's in Quarter, Becoming the World's Second Largest

After three decades of spectacular growth, China has passed
Japan to become the world's second-largest economy behind the
United States, according to government figures released early
Monday.

The milestone, though anticipated for some time, is the most
striking evidence yet that China's ascendance is for real and
that the rest of the world will have to reckon with a new
economic superpower.

The milestone was reached early Monday, when Tokyo said that
in the second quarter, the Japanese economy was valued at
about $1.28 trillion, slightly below China's figure of $1.33
trillion. The gross domestic product of the United States was
roughly $14 trillion in 2009. Japan's economy grew 0.4
percent in the second quarter, Tokyo said, substantially less
than forecast.

Read More:
http://www.nytimes.com?emc=na

THE GATA DISPATCHES : Henry Smyth: The Recent History Of The Future Of Gold. August 15th., 2010

Henry Smyth: The recent history of the future of gold

2:05p ET Sunday, August 15, 2010
Dear Friend of GATA and Gold:
Demand for gold has been building markedly for five years, causing the rise of gold's price chart to steepen as the markets restore gold to its traditional role as money, Granville Cooper gold fund manager Henry Smyth writes in a report published last week. Gold buying pressure, Smyth remarks, "is global and now includes every investment player, from central banks to individuals. This buying pressure spans the paper gold markets as well as the physical markets, from the forward, futures, and derivatives markets in New York and London to the gold loops, chains, and bars sold in the bazaars of Dubai, Mumbai and Shanghai."
Smyth concludes: "Some have called for an official revaluation of gold by central banks to alleviate the strain in the global credit markets. I say gold's revaluation has been under way for 10 years through the collective decisions of millions of individuals across every time zone. This will produce profound changes in the geofinancial landscape in ways very few can imagine."
Smyth's report has a couple of interesting charts, is headlined "The Recent History of the Future of Gold," and can be found at the Granville Cooper Internet site here:
http://www.granvillecooper.com/manrep_history.htm
Smyth was interviewed about his report last week by TheStreet.com's Alix Steel for Kitco News and you can watch it at the Granville Cooper Internet site here:
http://www.granvillecooper.com/press.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Join GATA here:
Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/index.php/toronto-resource-investmen...

The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

WSJ |FINANCIAL AND FOREX INFO :Tecnology Alert : New Visa Law Irks U.S. Tech Firms. August 15th., 2010

FINANCIAL & FOREX INFO
 Technology Alert
from The Wall Street Journal


New U.S. legislation that sharply boosts visa fees to pay for tighter border security may play well in some parts of the country, but the applause is faint in Silicon Valley.

The measure, signed into law by President Barack Obama on Friday, is expected to raise operating costs for outsourcing firms that use large numbers of foreign-born employees to serve their U.S. customers. But the biggest impact, critics say, is to increase the perception that America is becoming more protectionist and hostile toward foreigners.

http://online.wsj.com/article/SB10001424052748703293704575430430114163258.html?mod=djemalertTECH

Forex Contracts Daily News Info | MarketWatch - Internet Deals: Google buys Jambool, virtual - economy. August













MarketWatch reports, that  Google buys Jambool, virtual-economy.  :

"Google has purchased Jambool Inc,. a provider of software that enables online games providers to manage virtual currency."


 See full story







Financial and Forex Info| MarketWatch - Industry Financial Services.- Homebuyers beware: Tougher Rules For FHA Loans. August 15th., 2010



INDUSTRY- FINANCIAL SERVICES



Homebuyers beware: Tougher rules for FHA loans
 
By Jennifer Waters MarketWatch


Consumers looking for home loans backed by the Federal Housing Administration will face tougher hurdles and higher costs under new legislation and new rules that could take effect as soon as this month. 

 
By John Spence MarketWatch


Currency exchange-traded funds pegged to the dollar and euro have staged sharp reversals with investors rushing into the relative safety of the greenback on worries the global economic recovery is stalling. 



By Chuck Jaffe MarketWatch


Few things have investors more frustrated than the stock market and their mutual funds. But you should stick around and work with your investments in order to meet long-term savings goals.