Weekend Edition: Chinese rates and Irish Debt

Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web.

A 5 week winning streak snapped last week taking stocks, bonds and commodities lower following concerns about Chinese monetary policy. It appears China is looking to slow its fast growing economy by increasing interest rates. Investors fear such a move might reduce its appetite for raw materials. That’s a nice problem to have, a growing economy compared to an economy that is unable to take off properly in the US.

Ireland’s debt problems remind me of the Greek drama. Right now, it’s keeping investors on edge despite the denial from European leaders that bondholders were at risk. But we all know how this play ends; European officials will step in and tap emergency funds from the European Central bank to bail the Irish out.

Obviously, China and Ireland both triggered a “flight to safety” helping the USD recover in the process. But with QE2 just starting, how long will the USD hold before the next round of dumping begins?

Economic roundup:

China, Brazil Top U.S. as Best Places for Investors, Poll Shows

Gold, Agriculture Are `Safest Long Positions,’ Deutsche Bank’s Lewis Says

Currency War Hits Mexico as Carstens Signals Rate Cuts

Lawsuits Pile Up Against US Banks in Mortgage Mess

The Shrinking House: Downsizing the American Dream

On to our weekly blog roundup:

Invest it Wisely: Gold, Revisited: Is $1500 Near?

101 Centavos: Budget versus Actual

Financial Samurai: How To Overcome Poor Grades And Get A Job

Canadian Capitalist: Why Gold Prices go up?

Canadian Finance Blog: How To Start Planning For Christmas And Save

Wealth Artisan: The Kim Kardashian Debit Card

Investing Thesis: How To Manage Risk, Increase Income and Maximize Returns

The Passive Income Earner: Investing Starter Kit: The Knowledge You Need!

Watson Inc: what Are Your Financial Regrets?

Money Reasons: Me Me Me, It’s All About Me, After My Family First!

Enjoy your Weekend!

3 comments to Weekend Edition: Chinese rates and Irish Debt

  • Ha, I was thinking about talking about the Irish debt crisis too! It’s amazing how they have gone from an “enviable position” to this. Thanks for the link Mich!

  • Hello Mich / thanks for the link, and for posting these stories. I hadn’t seen the one about lawsuits being brought on the large basks. Blood’s in the water.

  • I found those links interesting too; where are things going to go from here? Don’t know, but before we cheer on the demise of the dollar, might help to know what the secondary effects will be, and also gotta keep in mind that the dollar is still in fact the best alternative to the Euro, Renminbi, etc… and of course, the U.S. government does take advantage of this fact.

    Things will change over time, but it probably won’t flip over in a matter of days. In the meantime, gold will probably keep going up until someone does decide to start implementing some discipline over at the fed. Thanks for the mention!

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