Buy Dollars, Wear Diamonds----A while ago we wrote that the USD is beginning a new major cyclical uptrend of the sort that lasts few a few years. We still think the same but add to the reasons we outlined in these aforementioned articles two further facts. First, that a key lesson of the ongoing financial crisis so far is that central banks get what they want on their currencies.
Malaysia is number two in economic impact of the Internet study | Malaysia has come in amongst the top three in a study conducted by McKinsey & Company on the economic impact of the Internet on the Gross Domestic Product (GDP) of nine aspiring countries - Taiwan, Malaysia, Hungary, Argentina, Mexico, Morocco, Turkey, Vietnam and Nigeria. (mention of China, India)
Senate scrutiny for China farm spree - The West Australian - http://news.google.com/news/url?sa=tfd=Rusg=AFQjCNHRKg9dgrvigi2vdcG804biMkhbJQurl=http://au.news.yahoo.com/thewest/business/a/-/national/16617911/senate-scrutiny-for-china-farm-spree/ -
Turkey to see second highest GDP growth among OECD members Turkey will post the second highest GDP growth rate in 2014 among the members of the Organisation for Economic Co-operation and Development (OECD), predicts the latest edition of the “Employment Outlook 2013” report by the organization. http://www.portturkey.com/finance/5275-turkey-to-see-second-highest-gdp-growth-among-oecd-members
NATO and the Upcoming Coup in Georgia. Samantha Power recently visited Brussels and told everyone to give more of their GDP to NATO. This happened because members such as Turkey are distancing themselves from any increase in contributions, as they are beginning to understand, at least publicly, that NATO has evolved into an instrument of one sided US foreign policy. No longer is NATO a means of protecting the West from any enemy. The members themselves know this, and being an NATO ally has…