China is the country with the largest population in the world at over 1.3 billion people. The land covers approximately 3.7 million square miles. The country is governed as a communist country, although they have developed a quasi-capitalist sector for business. China has the second largest gross domestic product (GDP) at approximately $7.0 trillion; behind the U.S. at $15.0 trillion and ahead of Japan at $5.8 trillion. The leaders opened up the centrally planned economy in the late 1970s and early 1980s to allow economic growth through trade, which has allowed China to grow at an unprecedented rate for a country its size. From 2001 to 2011, China grew at an annualized rate of 10.5%.
United Technologies Corporation (NYSE/UTX) cut its profits outlook for the second time in just over a month, saying there is weak demand in units making aerospace parts and Otis elevators.On Tuesday July 21st, the company reported second-quarter earnings above expectations. However, the company slashed its forecast for the rest. Read More
The overall theme of successful stock market investing so far this year has been the record moves by the technology sector, with the NASDAQ staging another one on Monday.As many of you know, there have been two major themes in my investment and trading approach: technology and China.I have long been bullish towards Chinese stocks and. Read More
Where are gold prices heading next? Just know this; China increased its gold reserves by 57%.According to China’s central bank—the People’s Bank of China—gold reserves at the end of June 2015 were at 53.3 million ounces, or 1,658 tons. That was a 57% increase in gold reserves! (Source: People’s Bank of China, last accessed. Read More
The NASDAQ opened higher on Friday July 17th after strong earnings results from Google Inc. (NASDAQ/GOOG, GOOGL) and positive economic data. This could eventually give clues on the timing of an interest rate increase.The U.S. dollar is heading for its biggest gain since May after economic data increased the possibility of an interest. Read More
Watching the stock market rise for the fourth straight day on Tuesday, I’m left wondering about the false confidence that appears to be on the surface. My view is that the current state of stock market investing should continue to be guarded with caution and selling into strength.Greece and its lenders appear to have a deal in place;. Read More