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China "Losing Faith" in U.S. Dollar
The American Progress reports that China has "lost faith in the stability of the U.S. dollar" and plans to invest in a "more flexible basket" of currencies, says top Chinese economist Fan Gang.
He says China - which underwrites a substantial portion of U.S. debt - feels that America's fiscal policies are leading to the dollar's free fall and consequent jeopardy for the U.S. economy.
"The U.S. dollar is no longer... a stable currency, and is devaluating all the time," Fan says. "And that's... trouble."
It's also trouble for the U.S., which is on the verge of a currency crisis.
added bonus:
Over the past five years, as REITs in the United States have displayed annual growth of up to 23%, many have pointed to expectation of future growth to justify paying more for shares, according to The Wall Street Journal.
But REITs are failing to live up to such lofty expectations, as shares are down 8.9% so far this year.
Subpar earnings reports and lackluster guidance from most companies have done little to engender confidence in this once-profitable sector. Most REITs are either just meeting or falling short of analysts' earnings projections.
China "Losing Faith" in U.S. Dollar
The American Progress reports that China has "lost faith in the stability of the U.S. dollar" and plans to invest in a "more flexible basket" of currencies, says top Chinese economist Fan Gang.
He says China - which underwrites a substantial portion of U.S. debt - feels that America's fiscal policies are leading to the dollar's free fall and consequent jeopardy for the U.S. economy.
"The U.S. dollar is no longer... a stable currency, and is devaluating all the time," Fan says. "And that's... trouble."
It's also trouble for the U.S., which is on the verge of a currency crisis.
added bonus:
Over the past five years, as REITs in the United States have displayed annual growth of up to 23%, many have pointed to expectation of future growth to justify paying more for shares, according to The Wall Street Journal.
But REITs are failing to live up to such lofty expectations, as shares are down 8.9% so far this year.
Subpar earnings reports and lackluster guidance from most companies have done little to engender confidence in this once-profitable sector. Most REITs are either just meeting or falling short of analysts' earnings projections.