The BRICS group is emerging as a world superpower in terms of international trade. The five countries—Brazil, Russia, India, China, and South Africa—are leading the world in growth, with each having its own unique “core competency” for marking money. Let’s break down each BRICS country, what they do, and how they will affect the future.
After a second glimpse into their books, the US Treasury found that the Chinese government actually owns far more US debt than was previously thought—some 30 percent more. In fact, following a release two months ago, China’s ownership of US debt was revised up to $1.6 Trillion.
The hottest thing since sliced bread may soon be coming to a stock market near you: Groupon. The company, which is attributed with the title of the fastest-growing company in history, may be due for an IPO. As for how to value a future Groupon IPO, no one really knows.
China is experiencing the same rate of inflation the United States is seeing due to its currency and its near peg to the US Dollar. Food and energy prices have gone up the at the fastest rate in the last 12 years. The consumer price index rose 8.7% since just last February. Read more…
