The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months: Marc Faber
Kirt Olfson
May 3, 2010

As much as 60% of China's gross domestic product relies on construction, he said. Rogoff said in February a debt-fuelled bubble in China may trigger a regional recession within a decade.

The Shanghai Composite has slumped 12% this year, Asia’s worst performer, as policy makers seek to rein in a lending boom that’s spurred record gains in property prices. China’s markets are shut for a holiday on Monday.

An index tracking Chinese stocks traded in Hong Kong dropped 1.8% on Monday, the most in two weeks, after the central bank raised reserve requirements for the third time this year.

The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months: Marc Faber
Kirt Olfson
As much as 60% of China's gross domestic product relies on construction, he said. Rogoff said in February a debt-fuelled bubble in China may trigger a regional recession within a decade.
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United Airlines parent UAL Corp and Continental Airlines Inc agreed to merge to form world's biggest carrier
Sam Adelton
United’s name and Chicago headquarters will be retained, while Continental Chief Executive Officer Jeff Smisek, 55, will become the CEO and United’s Glenn Tilton, 62, will be non-executive chairman.
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sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults : Nouriel Roubini
Paula Rabke
The thing I worry about is the buildup of sovereign debt...it will cause Government defaults or hyperinflation as Governments print money without any control or checks.
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US Nonfarm payroll rises by 200,000 in April - the stimulus boom continues
Tania Harding
Payrolls rose by 200,000, the most in three years, after increasing by 162,000 in March.
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Buffett strongly defends Goldman now going to India to mess India up
Tushar Nandi
Warren Buffett on Saturday launched a strong defense of Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs Group Inc. Now he is on his way to India to mess India up just like Goldman!
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British Pertoleum responsibe for Gulf oil spill and 100 billion dollar environmental disaster
Solarz Subedar
The oil spill will wipr out marine lives in hundreds of millions, cause hurricane, floods, change climate on the long term and bring economic disaster to many states in US and Mexico
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Toyota Motor Corp. now faces more than 320 lawsuits in federal and state court
Tania Harding
The attorneys for the plaintiffs and Toyota listed 228 federal cases and 99 related cases in state courts. A judicial panel consolidated the federal cases before Selna last month.
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The old guards use their guns again to protect the epicenter of corruption - Finance Overhaul Debate Blocked by Senate Republicans
Tania Solanki
Senate Minority Leader Mitch McConnell says 'All of us want to deliver a reform bill that will tighten the screws on Wall Street'....
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