Sunday, November 22nd, 2009

Posts Tagged ‘ Cargill ’

Can the Far East Drive American Markets Forward?

Jun 10th, 2009 | By Ian Mathias | Category: Politics & Economics

The Dow crashed 1.4 points yesterday, wiping out Monday’s 1.3 point moonshot. Desperate for something beyond these 0.014% “swings,” the market’s putting China in the driver’s seat today… and these guys still have quite a lead foot: Chinese auto sales soared 34% in May, year over year. According to the China Association of Automobile Manufacturers, the Red Nation scooped up 1.12 million vehicles last month, outpacing any nation in the world.