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Market Refuses to Fall Despite Increasing Greek and Chinese Problems

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While the European Debt Problems remains as messy as ever with conflicting reports of support from German and France,the world markets except for Greece refuse to take cognizance of the potential for global slowdown this time from Europe. Today China fell another 2% as the Chinese authorities try to clampdown the rising speculative tendencies in their property markets.The Asian markets are down very slightly taking cues from Shanghai.

Andy Xie thinks that the Chinese property is in a bubble . A clampdown on the Chinese construction and real estate would have an effect on the commodity complex . However the Greece and Chinese problems don’t currently figure in the US market’s radar .

PG

Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to greensneha@yahoo.in

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