Thursday, August 12, 2010
Phil Flynn: Peg Through My Heart!
This is especially true after the US trade deficit jumped by a whopping 18.8 percent hitting to $49.9 billion dollars, highest level since 2008. Yet at the same time, China, the great hope for commodity bulls, has some major economic problems on their own. China's growth was at 11.9% and has fallen abruptly to 10.2% in the second quarter. Recent data on Chinese Industrial output reports it fell to 13.4%. China’s real estate bubble is alarming. China has raised interest rates to try to reign in property speculation.....Read the entire article.
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