Boom or Bust for Chinese Residential Construction?
Data shows that China today is looking more and more like the America of the 1950s.
The climate is determined by how much solar radiation the Earth receives (the Sun). The patterns of where the solar radiation falls or is reflected (Clouds/ Volcanoes). Where the heat from the solar radiation is stored (Oceans/Urban Heat Islands).
Short and quick answer, no, or at least, not yet. With the tensions escalating in the Middle East, Japan’s nuclear reactor troubles, and various countries in Europe having their debt downgraded by the ratings agencies, you would think this is 2008 all over again. However, before jumping out the window and running for the hills investors should look to the credit markets as a gauge for true risk, and the credit markets on a global scale are simply not yelling “fire” at the present time.
Japan Will Shift From Being an Exporter of Funding to a Consumer of it
The substance of this alert centers on the unknown aftershocks that may result from the world's third largest economy, Japan, rapidly shifting from an exporter of funding to a consumer of it.
The Japanese quakes are the worst in decades and serious. The Nikkei 225 dropped from 10,500 to a low of 8,200 Tuesday, or by 22% in two days. It crashed over 1,000 points after a recovery from a low point of 1,400 points down. As the world’s third biggest economy with close ties to China and our own economy, we will all suffer the consequences.
Japan's market opened under pressure, and when prime minister Kan suggested that the radiation problem was not contained, all hell broke loose. The Tokyo Stock Exchange has various kinds of circuit breakers and, as a consequence, that market quickly reached the point where it was not trading, with all the action spilling over into the futures market in Singapore