QE3 for Two Years, Federal Reserve Official Predicts

Written by Gary North on September 25, 2012

How long will QE3 last? Until the end of 2014, the president of the San Francisco Federal Reserve Bank has said. It will take more than a few months to reduce the unemployment rate, he says. The FED will buy $40 billion of mortgage bonds each month. It wil, also buy $45 billion in Treasury […]

Continue reading →

China’s Looming Crisis Theatens the West’s Economy

Written by Gary North on January 24, 2012

Patrick Bond gave an important speech on January 10. He is Australia. Australia is tied closely to China’s economy. Bond took part in an 11-day study tour to south and central China in December. He uses the language of the old Marxism. He and his colleagues lost the ideological war, beginning in China in 1978, […]

Continue reading →

If China Crashes, Imports Will Get Cheaper

Written by Gary North on December 9, 2011

China’s real estate bubble has popped. Rich Chinese who bought urban residential living space and are holding empty space off the market for appreciation have begun to take the inevitable bath. Most analysts expected monetary easing to start next year when inflation had subsided further. But then most China analysts were predicting a “soft landing” […]

Continue reading →

China’s Coming Economic Crash Will Shock the Markets

Written by Gary North on November 18, 2011

China’s economic growth is fake. The economy is not growing at 9% per year. It is contracting by 10%. So said a prominent Hong Kong economist in a lecture he did not know was being recorded. (Guys, it’s a cell phone¬† world!) The growth figures are fake. They are being pumped up by government spending […]

Continue reading →