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UTCC slashes year's GDP growth forecast to 3.5% - The Nation

UTCC slashes year's GDP growth forecast to 3.5% - The Nation | Big Jimmy's Basement Stuff | Scoop.it
The Nation UTCC slashes year's GDP growth forecast to 3.5% The Nation The Kingdom's gross domestic product could post growth of only 3.5 per cent this year, down from a forecast of 4.3 per cent, dragged down by local floods and economic problems...
Big Jimmy's insight:

Although China is coming up fast underneath the American economy, the growth of the economy relative to ours is lower than what's expected. Given that it's an effect of various natural disasters, is there a snowball effect that may drag down more than what's being initially affected? -Ryan Eifert

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Emerging Stocks Rise on China GDP as Tech Shares Rally to Record - Businessweek

Emerging Stocks Rise on China GDP as Tech Shares Rally to Record - Businessweek | Big Jimmy's Basement Stuff | Scoop.it
Emerging Stocks Rise on China GDP as Tech Shares Rally to Record
Businessweek
Bloomberg News. Emerging Stocks Rise on China GDP as Tech Shares Rally to Record. By Julia Leite, Maria Levitov and Harry Suhartono October 18, 2013.
Big Jimmy's insight:

The recent rise in the stock prices for china is great news for exporters to china. This increase comes at a time after the QE where China is still recovering from its slight down turn. The fact that China is opening its markets to the public shows that China is shifting to a free market. This change also comes with the fact that the united states economy and government is in a state of turmoil. It might be able to increase the us a little with the amount of things we export to them.

 

Noah

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Hot Mom Defends Herself Against Facebook Haters

Hot Mom Defends Herself Against Facebook Haters | Big Jimmy's Basement Stuff | Scoop.it
A California fitness enthusiast and mother of three is defending a controversial photo of herself that has prompted a cavalcade of Facebook critics to accuse her of fat shaming women.

Via Gavin Dhir
Big Jimmy's insight:

huehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehuehue. - Walter

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Japan reports longest trade deficit in 30 years — RT Business

Japan reports longest trade deficit in 30 years — RT Business | Big Jimmy's Basement Stuff | Scoop.it

Japan's trade deficit is in the red for the eighth straight month, continuing the lengthiest stint since 1980. But the Ministry of Finance remains optimistic about the $8.1 billion figure, saying it might signal the export industry is on the rebound.

 

Japan reports longest trade deficit in 30 years.

 

Japan's trade deficit is in the red for the eighth straight month, continuing the lengthiest stint since 1980. But the Ministry of Finance remains optimistic about the $8.1 billion figure, saying it might signal the export industry is on the rebound

 

According to the Ministry of Finance, exports dipped 2.9% in February from a year earlier, while imports rose 11.9%. The deficit was slightly lower than economists expected, but still highlight’s Japan’s struggle to increase its export economy. ...


Via Hal
Big Jimmy's insight:

Japan's econ still in deficit and the value of the yen continues to depreciate. Making the smart choice of going short on the yen.

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Kinked Demand Curve: British Gas hit by backlash over 10% price hike

Kinked Demand Curve: British Gas hit by backlash over 10% price hike | Big Jimmy's Basement Stuff | Scoop.it

Energy giant faces public relations disaster over increase in energy bills with nearly 16,000 Twitter comments during Q&A


Via Phil Hensman
Big Jimmy's insight:

This sharp shift left of the demand for British gas caused by the horribe publicity of one of their energy giants is having negative effects on the economy as a whole, due to the effects of rasing the price level of selling the gas, as well as the subsequent inflation and supply/demand discrepancy. - Walter

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Forex - Dollar steady near 8-month lows vs. euro - Investing.com

Forex - Dollar steady near 8-month lows vs. euro - Investing.com | Big Jimmy's Basement Stuff | Scoop.it
Forex - Dollar steady near 8-month lows vs.
Big Jimmy's insight:

This is a double whammy because the American government not only shut down, but this shut down delayed the tapering of the stimulus package, delaying the easing of inflation due to  continuous government spending. This inflation brings down the value of the dollar relative to other currencies. This means that we should go short in the short term and sell our foreign currencies for maximum profit. Obviously, however, the US government will recover, bringing the value of the dollar back up, so we should go long and invest in the dollar while itś down. We probably should have done that during the shutdown itsef, but better late than never.  --Michael Campbell

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Asia markets rise on upbeat global data; yen eases

Asia markets rise on upbeat global data; yen eases | Big Jimmy's Basement Stuff | Scoop.it
TOKYO/ SYDNEY (Reuters) - A spate of upbeat economic data powered Asian markets on Tuesday and will likely support European shares as well, while gold and the yen lost some of their safe-haven appeal as...

Via David Simpson
Big Jimmy's insight:

Not only does this support investing in the yen, but other Asian currencies as well. The yen is not as impacted by the dollar as other currencies which is a good thing as that could go either way as of now with quantitative easing, which is why it could still be considered a sort of "safe haven."

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Big Jimmy's comment, September 6, 2013 10:07 AM
Michael Campbell
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Weak rupee a boon to Indian tourism| glObserver Global Economics

Weak rupee a boon to Indian tourism| glObserver Global Economics | Big Jimmy's Basement Stuff | Scoop.it
International travelers looking to take chance of the rupee could give the Indian tourism sector a needed boost next a poor holiday season, tourism experts say.

Via Michael Malka
Big Jimmy's insight:

Rupee is on the rise! Low prices and exchange rates pave the way for an influx of money into the Indian market, raising the value of the rupee in the long run. - Walt

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