China surpassed the U.S. consumption of energy and became its largest customer, notes the report of the International Energy Agency (IEA). One of the key factors in this process was a huge population of China, which is four times the U.S. population, as well as the growing popularity of consumer goods among the Chinese.
Dow Jones Industrial Average may continue trading on the U.S. stock market in a negative mood on the background of macroeconomic problems the United States. U.S. stock futures slid Wednesday after home construction plunged in May, adding to the concerns about global growth amid new worries over Spain’s fiscal stability. Following the housing data, Dow Jones Industrial Average futures fell 61 points to 10271, while Standard & Poor’s 500-share futures dropped 8 points to 1101 and Nasdaq 100 futures slid 12 points to 1881.
Global economy is really collapsed … The world can still be saved. Keynesian economic theory is preparing for the last parade. Stimulating the financial package approved last year, the Obama administration, crumbling before our eyes under the pressure of those countries from the Big Twenty, who themselves have it confirmed a year ago. Now that the background of the sovereign credit crisis develops, we need to abandon the short-term thinking in favor of long-term investment, without which no sustainable recovery.