Category: US / Dollar related
-
Great news: Largest economy adjusted interest rates upwards
Yes, the good news is finally here. The Federal Reserve has finally decided that the US economy has recovered from the 2007 – 2009 financial crisis. It raised the benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent.Fed ChairJanet Yellen said, “With the economy performing well and expected to…
-
Move aside American billionaires, the Chinese ones are now ahead
Did you know that there are 537 billionaires in the US? In US$ terms. Yes, they have been number 1 in terms of number of billionaires for as long as anyone could remember. However, the US billionaires where total is concerned has been overtaken in terms of number of billionaires from China this year. The…
-
China, the new ‘World Bank’?
Yes, you read it right. I think China is becoming the new ‘World Bank’. Is it a good sign? I think for many, this is not a good thing, especially for the IMF and World Bank supporters. For me personally, yes I would love to see China rivalling both of them or even exceeding these…
-
Suddenly, now everything’s good? Haha.
I remember just weeks ago, reports after reports said that Ringgit was doomed, that the Bursa will be continuously negative because of a host of many reasons. One recent report even stated that Malaysia is the weakest ASEAN country. It’s ok, I am very sure they must done their research using statistics I do not…
-
USA: 48% of banks lower lending standards
This is a very important piece of news. Reported in LA Times, the largest of US banks have lowered their lending standards and the level is approaching the levels of 2008 financial crisis! As per the Office of the Comptroller (OCC), the largest US banks are going after profits and have been loosening their underwriting…
-
OPEC vs US oil producers. Who’s going under first?
The oil price has been on a downtrend and it is still on a downtrend this far. The largest producers are all grouped under the Organisation of the Oil Exporting Countries (OPEC). Thus, this group is quite powerful when it comes to dictating oil prices. For example, when the demand goes up or when there’s…
-
Bubble will burst when S&P 500-stock index reaches 2250.
Yes, this is a prediction by an expert. According to Jeremy Grantham, chief investment strategist at Boston-based money-management firm GMO, there is already a stock bubble but this bubble will not be bursting yet, not until the S&P 500-stock index reaches 2250. That’s another 10% to go. What’s the current S&P 500-stock index? Refer to the…
-
US$, China, buying properties, what has it got to do with me?
I remember telling a few of my close friends on few separate occasions about US$ which is not aligned to its actual value. They asked me why i said so, I explained briefly with a few questions. When the economy is doing well, should your currency be appreciating or depreciating? When your country suffers a…