If they say it, it must be so ... On Thursday Goldman Sachs said that since inventory liquidation has been so pervasive, the second half of 2009 will see stronger growth as that liquidation process is reversed...We have been feeling the same for some time.   Read More

The Bank of England surprised the market today by increasing the supply of liquidity for it's quantitative easing program instead of announcing it would end the program.    Read More

As we know, China and the United States have been stimulating their economies via massive spending by the government. China has pumped 4.58 trillion yuan of new loans into the economy in the first quarter to stimulate growth. This loan growth coupled with their stimulus/fiscal spending helped stabilize their economy and increased imports from South Korea, Taiwan, and Japan. This is why the central bank yesterday said the economy is doing better than expected.   Read More