Next brics will fall
South Africa: the next brics will fall
The second largest city of Cape Town, South Africa
The most developed economies in Africa, South Africa's five days even in three's finance minister, among economists led to the country's credit rating may soon be down to "junk" level of concern.People fear that South Africa could become the second after Brazil "fallen" financial state, "South Africa will be the next Brazil? The idea is chilling."The two countries are slowing, the substantial depreciation of currencies.A series of political failures and scandals on Brazil's President dilma rousseff and South African President Jacob zuma's ability to revive the economy have doubts.At present, the standard &poor's and fitch ratings of South Africa are "BBB -", just above junk status a;Moody's rating to "Baa2 debt", only a garbage rank two notches.
Wall Street expected the fed to raise interest rates next year three times
CNBC, the fed survey market expectations the fed will start raising interest rates this week, next year will raise interest rates three times, respondents thought the stock market, real estate and the American economy will be unfavourable.Overall, 38% of respondents believe that interest rates of the process of normalization results will be bad for the economy, 44% thought that impact will be neutral, only 13% of people think that the result will be good for the economy.Respondents on average expect, the possibility of the U.S. economy into recession in 2016 amounted to 22.9%, is the highest level since 2012.
The Wall Street journal
China's real estate developers to seek diversified
With continuous cooling in China's real estate market, more and more developers are looking for real estate thought source of income.It seemed no end of
the pain in China's real estate market, more and more real estate developers began to seek diversified.These developers are invading from Banks to cosmetic surgery to the women's football, and other fields.In 2014, according to moody's analytics, estimated China's real estate and related industries contributed 18% of GDP, down 5% compared with 2013.An independent economist guang-yuan
mar[microblogging]Said: "China's real estate market has reached a turning point in the alarming. The real estate industry has been the engine of economic growth from China become a burden."Faced with the prospect of so difficult, some developers - especially in smaller companies - are opt out of the real estate industry.Although large real estate companies are not quit, but also to expand their source of income.
Rio tinto(28.18, 0.03, 0.11%) of the proposed $4.4 billion expansion of Mongolian copper mine