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China Performs a Kind of Financial Alchemy

May 19th, 2009 | By Dan Denning | Category: Emerging Markets

Wherever we’re going, are we there yet? Nope! But we’re getting there. That is, America is sleepwalking its way into poverty. China is performing a kind of financial alchemy. And Australia finds itself subject to American-style problems, but benefitting from China’s Grand Economic Strategy.

Tags: BAC, Brazil, Bric, china, Crude Oil Prices, Dan Denning, Emerging Markets, GS, US dollar, US homebuilders
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