There is a path by which China could come to dominate our clean energy future.
From geothermal systems to solar panels, these “green” abodes offer owners the opportunity to unplug from the electrical grid.
Want to get off the tired interview script and talk about real business issues with your hiring manager? Lead him or her into a Pain Interview and get the conversation rocking!
Submitted by Henry Bonner via Sprott Global Resource Investments,
Richard Maybury has been predicting ‘black swan’ events in his newsletter
While the topic of China’s slowing economy has been a prominent fixture over the past week, first with the latest Chinese rate cut last weekend, followed by the announcement that China is once again lowering it target growth rate to 7% for the 2015 and onward, coupled with a warning that “downward pressure is growing” and that 2015 will be more difficult for the country than 2014, the one issue that has not gotten the attention it deserves is capital flight out of China, now that deflation is increasingly mentioned as an outright possibility for the country, and the reasons behind it.
As a reminder, China is increasingly impacted by the Fed’s policies as a result of two things: weaker currencies around the globe, coupled with China’s quasi-peg to the USD, which over the past week has soared to fresh 13 year highs on expectations that the Fed will hike this summer (further validated by today’s jobs report which miraculously was not impaired by the second, and worse, Polar Vortex, thus destroying the narrative made so popular last year that cold weather in the winter is responsible for weak job reports). Needless to say, for a country which just posted its record trade surplus, and whose net exports are still the lifeblood of the economy, being pegged to the world’s strongest currency has two consequences: concerns about imported deflation which will lead to even further economic slowdonw, and capital flight as faith in the Chinese Renminbi is increasingly shaken.
The WSJ touched on just this critical topic in mid-February when it reported that “Despite a record trade surplus and a steady inflow of investment capital, China’s banks posted net sales of foreign exchange in January, suggesting that capital was flowing out of the country during the month.“
The WSJ continued:
Analysts said the foreign-exchange data, released Tuesday by the central bank, partly reflected declining confidence in the nation’s currency amid a slowdown in the economy, as exporters and individuals held on to foreign exchange rather than convert it into yuan.
Authored by Ben Tanosborn,
What’s the difference between an apparently benevolent Ukrainian oligarch and a charismatic chief of a drug cartel in Colombia or Mexico?
Here’s your step-by-step plan for preparing for a job interview. Get ready to knock ’em dead!
Painting by Anthony Freda: www.AnthonyFreda.com
Tufts University’s Director of the Research and Policy Program at the Global Development and Environment Institute (Timothy Wise) points out:
There is no … consensus on the safety of GM food. A peer-reviewed study of the research, from peer-reviewed journals, found that about half of the animal-feeding studies conducted in recent years found cause for concern. The other half didn’t, and as the researchers noted, “most of these studies have been conducted by biotechnology companies responsible of commercializing these GM plants.”