China has the same access to World Bank and IMF financial forecasts as any other nation. Now the the Internet has made nearly even document in the world accessible. The Communist central government can even read predictions in the CIA Factbook.
In the last two weeks, it has become clear the the global economy is failing at the much greater rate than it was at the beginning of the year. What is worse is that the declines could accelerate even more. Read More
Falling home prices are starting to turn some economists into optimists about the housing market. Their reasoning is simple and compelling. The cost of the average home has come down so much that buyers should move into the market to get bargains. Mortgage rates are dropping. The administration’s new plan to lower housing payments for those who are both needy and worthy should undermine the growth of foreclosures and steady prices. Read More
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