China’s gross domestic product (GDP) rose 7.8% from one year ago, an acceleration in the country’s rate of growth. Investment accounted for more than half of growth so far this year. The Chinese government has begun encouraging consumption to be the main driver of economic growth, as opposed to investment. “We believe the People’s Bank of China will slightly shift its monetary policy from a moderate expansion in the third quarter to a neutral stance,” said Ting Lu, an economist at Bank of America-Merrill Lynch.
It looks like we got some good news and bad news this week.
The good news -- if you can call it that -- is we have a “deal” in Washington that will end the government shutdown and fund the government for a few more months.
The bad news is there was no real progress, despite the shutdown and all of the political blustering. In my opinion, Washington simply hit the snooze button. Much like trying to crib a few more minutes before facing the day, we now have a little while until we have t
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
Get free access to "Millionaire Maker" Hilary Kramer's latest report 3 Biotech Breakthroughs To Bank On. Simply tell us where to send it in the box below.
*Along with my FREE report, Hilary Kramer's
3 Biotech Breakthroughs to Bank On, please also send Hilary's free weekly e-letter, Trading Desk. We value your privacy. You will not be spammed, ever. Period.