(Note to readers: The battle over MW policies seems to have abated somewhat after the MA election.
I'll remain here, and post what seems to me to be the market-moving story of the day. Your comments and suggestions will guide the shape of this site. Keep in mind that I am a working person...
You are invited to comment on the story of the day, or ANYTHING that may be on your mind.
Comments drop down when you click the small Comments link at the bottom of the story.
Welcome all. This place is for you, and you alone. I will not seek to monetize the site or "moderate/screen" comments in any way. You have my word.
justaguy).
Jan. 21 (Bloomberg) -- China’s growth rate accelerated to the fastest pace since 2007 in the fourth quarter, signaling a need to rein in credit growth that threatens to destabilize the world’s fastest growing major economy.
Gross domestic product rose 10.7 percent from the same period a year ago, more than the median forecast of 10.5 percent in a Bloomberg News survey, a statistics bureau report showed in Beijing today. For the full year, GDP gained 8.7 percent, beating Premier Wen Jiabao’s 8 percent target.
The report may stoke speculation the central bank will start raising its benchmark interest rate and tighten restrictions on the nation’s lenders. Minutes after the release, traders said the People’s Bank of China guided three-month bill yields higher at an auction for the second time in two weeks.
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2 comments:
Let's see - China overheated. Who would have called this ahead of time? LOL.
Welcome aboard Cake!
I caught that you had maybe checked out of the MW machine.
I'm planning to keep this site going, as a service, and also as bit of warning to MW... :)
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