Wednesday, July 13, 2011

STIMULUS 4.0??

FORTUNE -- With all the talk of debt ceilings and federal spending cuts, you might think that the era of stimulus programs was behind us. Think again. I strongly suspect that by the end of the summer both parties will be putting together yet another tax and spending bill designed to get the economy going. Call it Stimulus 4.0.
http://finance.fortune.cnn.com/2011/07/13/forget-deficit-reduction-here-comes-another-stimulus-package/?iid=HP_LN

NEW YORK (CNNMoney) -- While China's economic growth remains far faster than that of Western nations, it eased slightly for the second quarter in a row.
China's economy grew at an annual pace of 9.5% between April and June, the National Bureau of Statistics said Wednesday. That marks a slight slowdown from the first quarter, when GDP grew 9.7% year-over-year.
Overall, China's economy has cooled significantly since the first quarter of 2010 when it was barreling along at an 11.9%

http://money.cnn.com/2011/07/12/news/international/china_gdp/index.htm?iid=HP_LN

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