Sunday, March 18, 2012

DailyMarkets.com - Markets In Everything: Cave Homes In China

DailyMarkets.com - Markets In Everything: Cave Homes In China


Markets In Everything: Cave Homes In China

Posted: 18 Mar 2012 09:53 AM PDT

LA Times — “More than 30 million Chinese people live in caves, many of them in Shaanxi province where the Loess plateau, with its distinctive cliffs of yellow, porous soil, makes digging easy and cave dwelling a reasonable option (see photo above).

“It’s like living in a villa. Caves in our villages are as comfortable as posh apartments in the city,” said Cheng Wei, 43, a Communist Party official who lives in one of the cave houses in Zaoyuan village on the outskirts of Yanan. “A lot of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank News Link List – 19 March 2012

Posted: 18 Mar 2012 09:34 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

ECB’s Liikanen signals limits to ECB assistance in debt crisis (Bloomberg)
Outgoing PBOC adviser, Li Daokui, says interest-rate reform needed (Wall Street Journal)
The tension between monetary and fiscal policy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Adding Fuel To Goldman Exec Greg Smith’s Fire

Posted: 18 Mar 2012 08:06 AM PDT

Former Goldman executive Greg Smith created quite a firestorm on Wall Street this week. Smith tarred and feathered his former firm for the manner in which they engage their clients.
While I believe Smith should have been more pointed in directing his fire, for those impugning Mr. Smith, including New York City Mayor Michael Bloomberg, I would offer that what Mr. Smith asserts is HIGHLY unlikely just a Goldman issue.
Why do you think JP Morgan (NYSE:JPM)'s CEO and Morgan Stanley's CEO James … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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