Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web.
I am very satisfied with my portfolio update for September. Oil is certainly helping my portfolio at $81 a barrel right now fueled by a dropping USD and increased risk appetite. As always anywhere above $70 is great for my portfolio. The emerging countries are taking over the slack of the USA and I am exposed to all those economies by holding energy stocks operating in my beloved Western Canada.
Manufacturing Sector Grows
While the US economy is struggling with 10% unemployment, the Chinese economy is on track for a staggering 10.5% growth for 2010. China has become the main engine of growth for the global economy which is set to grow at 4.5% for 2010.
No wonder tensions have been running high between the US and China. China’s currency is unfairly cheap and the US has started to take steps that could open the doors wide to tariffs in order to help US companies compete.
Further reading on the economy:
House passes bill aimed at Chinese currency
China manufacturing sector grows
US Is ‘Practically Owned’ by China
Dollar drops to 6 months low as Investors seek Higher Yields
On to our weekly blog roundup:
Tom over at Canadian Finance Blog has created a one stop site for personal finance called Money Index. You can find BeatingTheIndex under the Canada section!
Invest It Wisely: 7 Wealth Building Strategies
Mike at Money Smarts Launched his new Book: The RESP Book: The Complete Guide to Registered Education Savings Plans for Canadians.
Canadian Finance Blog: How To Avoid Personal Financial Disaster: These 22 Tips.
Watson Inc.: Will Mortgage Rates Really Drop to 0%?
Squirrelers: Do we Incur “Debt” Through our Childhood?
The Wealth Artisan: Use What You Can Lose
Young & Thrifty: The Dangers of Forex Investing