Asia is still cooking and posting very robust growth. China’s second-quarter GDP came in at 10.1%, and even though that’s a smidgen less than expectations, it’s still impressive double-digit growth. Meanwhile, India continues to grow at near 9% … Malaysia at 7.1% … Indonesia at 6.3% … and Thailand at almost 6%.
On another note, a new study just released by the Carnegie Endowment for International Peace forecasts that China’s economy is on track to surpass the U.S. by 2035, and that it will be spurred by domestic demand. This isn’t news to me. I’ve been reporting my front-line analysis from Asia and China since way back in 2004, and I told my Real Wealth Report subscribers then – and even now – that when it comes to China’s economic growth, you ain’t seen nothing yet!
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Larry, Your analysis says nothing about the gold carry trade, i.e. the way central banks manipulate the price of gold to suit themselves and the bullion banks. Check http://www.moneyweek.com/investments/precious-metals-and-gems/the-gold-carry-trade.aspx#