2008-08-16

The loan-to-sequels: The U.S. dollar villas and lose in the end sold 10,000

U.S. bank to sell the dollar "car are" Detroit a two-story residential, and promised to lose 10,000 U.S. dollars, only in the first 19 days to find a buyer.

U.S. "Detroit News" reported on the 13th, in view of the property market downturn and housing taxes and other expenses, the buyer of this small dollar investment may be difficult to return to this.

-- Detroit a two-tier residential prices only one dollar. Detroit is responsible for marketing the house of intermediaries Kente Ke Er Pate because it so cheap and shocked. He said: "I have never seen a dollar price of housing."

Housing facing huge tax arrears

two two-lying residential in the eastern city of Detroit, Michigan, the host of the 8111 Telafusi Street and Detroit a few blocks away from the airport.

Kaer E Puxiao local residents said, the November 2006 price of 65,000 U.S. dollars, best known as the entire housing block. But last summer the owner the right to redeem the loss of collateral, property confiscated by the lending banks.

After that, "those greedy thieves surrounded it," Epu Xiao said, "First, the external walls of the missing link plate, and then the fence disappeared. Then they forced open the door, take away all other Nengna things."

Bell because of the Employment Management Group sales by banks room. Group staff entered the house, found that the house was almost swept away valuable items and air, brass, stoves, Electric components, kitchen sinks and other equipment were stolen.

This did not publicly name the bank in January this year to 1,100 U.S. dollars sell it, no one Wenjin. Faced with the huge 4000 U.S. dollars of unpaid taxes and water charges, the banks forced to price (the topic) to one U.S. dollar.

room on the 12th at the Chang Kai 40. Kitchen and the basement for several door has not, before smashing windows, weeds around long to Qixiong, garage has recently been showing signs of a fire.

Keerpate said: "It's only a hollow shell."

The loan-to-crisis aftermath

U.S. real estate companies, Anthony Viola, "said one U.S. dollars property" is secondary mortgage crisis aftermath.

He explained that a crisis of the loan-to-the owner the right to redeem the loss of collateral, some Detroit suburbs a large number of unoccupied housing, the availability of these thieves frequently patronize. Housing lost brass, and other components, the potential buyers interested in not only declined, and difficult to apply to bank loans, resulting in a further decline in the price of such housing. The results, when the repayment ability of the lower house purchase loans, the bank now found that a large number of availability "rotten" in its own hands.

"These sub-issuing bank loans did not get much sympathy," Viola said, the real estate company in the U.S. headquarters in Cleveland, Ohio, and other cities, "the judges do not allow these banks sit back and regardless of property, or order their demolition, Maifang either. "

Because of this situation, banks eager to 8111 Telafusi Street residential sell. It Yaoya to give more concessions to the buyer, the buyer commitments for expenditures such as housing transactions, and lose a total of about 10,000 U.S. dollars, only to attract buyers.

"Detroit News" said that this incident shows how the Detroit property market into a "desperate" situation.

At present such "investment" more than one. U.S. National Association of Realtors Shoufang official website on the 14th, Detroit 4 for sale in the dollar-denominated, identified 30 U.S. dollars, 99 dollars, 100 U.S. dollars, such as ultra-low-cost housing is also the minority.

Buyer sentiment and profit

Keerpate refused to provide the specific identity of the buyer, only that buyers for a local woman, intends to use cash to pay the whole of one U.S. dollar.

He said that the purchase the woman as an investment, do not intend to stay.

However, this investment is still difficult to predict when will profit. Keerpate said to the woman as an example, though she only spent one dollar buying houses, but need to spend tens of thousands of dollars to purchase equipment within the housing, decoration but also good after the theft.

According to reports, even if the demolitions, she will spend 5,000 U.S. dollars. Not only that, in 2009 she would need to pay real estate taxes 3,900 U.S. dollars.

(This article Source: Guangzhou Daily)

China's coke exports provisional rate increase to 40%

China today published the official notice, decided on August 20, coke exports will be temporary tariff rate from the current 25 percent to 40 percent.

Analysts here believe that the government move was intended to curb high pollution, high-energy consumption products and ease the tight domestic supply situation of coke, while reducing the related industries of foreign indirect subsidies.

As domestic and international market larger spread, China's coke exports in the first months of this year, faster growth. Customs data showed that the first half of China's total exports of 7.44 million tons of coke, May exports amounted to 1.66 million tons, breaking the 2007 record exports since a single month.

To curb exports, early this year, official exports of coke will be provisional rate increase by 15 percent to 25 percent. This year the Ministry of Commerce last month announced the second batch of general trade export quota of coke was only 2.39 million tons, and this year the first batch of coke export quota for the 9.62 million tons.

With the policy of gradually markedly effective, in July, China's coke exports dropped by 10% year on year five, to 830,000 tons. The industry predicted that the second half of coke export volume level or slightly lower than the previous year.

State Customs Tariff Commission in today's notice also on commodities such as aluminum tariffs have been adjusted.

Since this month 20, will be the official exports of general trade under the provisional export tariff on aluminum, the tentative tax rate of 15 percent; coking coal exports will be temporary tariff rate from 5 per cent to per cent The 10 other bituminous coal and other export levy provisional tariffs, the tentative tax rate of 10 percent.

New York oil price fell below 112 U.S. dollars per barrel

The dollar against the euro, sterling and other major currencies the impact of rising international oil prices continue to fall on the 15th, the New York market after oil prices fell below 112 U.S. dollars per barrel.

The report showed that due to economic weakness in the euro zone economy, the same day the dollar against the euro exchange rate, after once reached Australian 1.4659 U.S. dollars, since February 20 this year, the highest level. At the same time, many investors expected, due to economic recession, the Bank of England may be forced to raise interest rates, making sterling-dollar exchange rate fell for 11 days. Against the Japanese yen exchange rate has set a seven-month a new high.

With the stronger dollar, 15, the New York Mercantile Exchange, the September delivery of light sweet crude oil futures prices closed after the conflict with the minimum to 111.34 U.S. dollars a barrel from the previous trading day sharply down 3.67 U.S. dollars, the lowest since record more than three months Transaction price to the close of trading, down 1.24 U.S. dollars, at 113.77 U.S. dollars a barrel. London's International Petroleum Exchange, October Brent crude-oil futures fell 1.13 dollars to close at 112.55 U.S. dollars a barrel.

New Zealand by September delivery price per gallon gasoline futures fell 5.18 cents to settle at 2.8602 U.S. dollars. September delivery of heating oil futures price per gallon rose 2 cents to settle at 3.1191 U.S. dollars. September futures for delivery of natural gas per 1,000 cubic feet down 4.4 cents to 8.092 U.S. dollars.

Since the July 11 record of 147.27 U.S. dollars a barrel the highest since records of transactions, New York crude oil futures prices have dropped 24 percent total.

Global inflation exposed "globalization" of the bottleneck

Globalization in the past few decades, the world economy has been a huge bonus. In our minds have such a picture of the world economy: globalization has made countries around the world overcome the economic development of the domestic market and the lack of resources, and resources on a global scale the optimal configuration. But with the deepening of globalization, the bottleneck is gradually exposed. A large number of low-cost labor supply from the dividends of globalization are entering the end phase.

Morgan Stanley in June introduced the report shows that in 190 countries surveyed, 50 are experiencing high double-digit inflation, high inflation of the complexity of this situation is likely to mean the end of the golden age of globalization. Globalization is the first global inflation conduction become possible. Excess liquidity of the global economy, depreciation of the dollar and the international floating capital speculation, it is global inflation triggered this round of the root causes.

Now globalization is increasingly Let us feel the power of this a double-edged sword, the re-start the rise of trade protectionism, as represented by the WTO's global multilateral cooperation in trouble this globalization is also a reflection of difficulties. Long-term concern for world economic expert Jiang Yong even worried that the global economic situation has evolved on this, the tide of globalization does not rule out the possibility of being reversed.

June 23, 2008, Singapore's one Shuiguo Tan, fruit prices rising. Singapore has faced as much as 7.5 percent inflation.

The past: ignoring the "globalization" the negative impact of

Over the last few decades, globalization often means significantly lower commodity prices, regardless of the automobile, electronics, luxury goods, or banking services or communications costs. Along with personnel, capital and goods within the scope of the global flows, developed countries will profit, but also stimulate a broader market.

In fact, in 2003 to 2007, and the total world GDP growth of 5 percent per year, while inflation rate has remained at below 4 percent, more than any time in the past good. Historically, the early 21st century life with its more liberal trade and cheaper labor prices, more convenient means of communication, and more abundant capital created a beautiful and prosperous picture.

Such a beautiful picture for people to ignore the negative effects of globalization. Until recently, consumers, policy makers, even financiers, seems to have been overlooked this point. With globalization brought about by the unprecedented growth in the global context of labor, food and energy needs greatly enhanced. Now, in the wave of globalization began 35 years later, almost simultaneously throughout the world facing a severe test of inflation. The continuous development of global trade and the world capital market continues to expand, causing global economic prosperity, but it is the negative impact of the rapid worldwide expansion.

Everybody seems to feel that - because of inflation in recent months has Xirao the majority of countries - When people in the face of high gas stations and oil prices look sigh of Health, in a restaurant in front of the new-for - Menu racking their brains, or at home in front of Xuepian coming as the bill quietly curse when the wolf really came. On the vast number of developing countries in the world, hyperinflation means hunger, violence and political chaos. The complex situation of high inflation in the 30 before the Western world have arisen that could lead to the complete collapse of golden age of globalization.

Policy-makers have issued a warning. Just two weeks ago, the European Central Bank Jean-Claude Trichet, the President announced that the deteriorating inflation has affected Europe's economic growth, he warned that the inflation spiral to the second round effects have been felt.

Faced with this situation, Federal Reserve Chairman Ben Bernanke to Congress the report pointed out that reducing inflation to an acceptable level of the current work is the top priority. Asian Development Bank in July's report urged policy-makers should no longer like the past few decades as concerned about growth, but should focus on controlling inflation and prevent the emergence of a worst case scenario - economic stagnation.

November 2007, Lithuania in the streets against the grain price rise.

Now: 50 countries of double-digit inflation

Morgan Stanley in June introduced the report showed that "in the 190 countries surveyed have been as high as 50 are experiencing double-digit inflation", including the vast majority of emerging markets. Statistics show that half of the current global population is experiencing high double-digit inflation.

Today's inflation almost entirely concentrated in the areas of daily necessities, this is the 1970s and the inflation of a fundamental difference. The past, for instance, in the United States, food and oil price inflation accounted for only about 30 percent of the total. Core inflation products - such products do not include food and oil - showing a spiral-shaped structure. Clearly, now the core product prices are relatively stable (at least in the richer countries so).

The German economy the first time in four years to drop

German Federal Statistical Office announced on the 14th of the data shows that Europe's largest economy Germany's second-quarter gross domestic product (GDP) in the first quarter fell 0.5 percent, the first decline in four years.

However, this figure better than the 0.8 percent decline economists had forecast. On a seasonally adjusted basis, second-quarter economic growth than the 1.7 percent the same period last year.

Analysts believe that the German economy slowed down mainly due to high inflation, the euro strong global economic slowdown and the negative impact of the construction industry in Germany, the decline in investment and consumption also weighed on the economy. In addition, the first quarter of strong economic growth in the second quarter also increased the ring base.

The same day German Federal Bank published a report said that although Germany's economic decline, there was no reason to be pessimistic. German Federal Minister for Economic and Technical Michael Geluo Si also said that the German government in 2008 to 1.7 percent economic growth forecast unchanged.

Gold a year low of diving

By the strong rebound in the dollar index the impact of yesterday's diving gold. Gold fell overnight Lun 33.52 U.S. dollars to close at 823.58 U.S. dollars / oz, overnight in New York gold futures fell 4.2 percent, or 36.50 U.S. dollars, to close at 830 U.S. dollars / ounce to 828.30 U.S. dollars following / oz, a new low this year.

At the same time, the international spot gold prices sharply lower, as of press time, the international spot price for 811 U.S. dollars / oz. China, the Shanghai Gold futures contract yesterday to 812 main Dieting is also a new low price of 182.82 yuan / g Open, fell 9.63 yuan, all other contracts a day shut Dieting, a gold futures market in the largest single-day decline and the lowest .

Analysis of the market, because gold has fallen below a key support level, the dollar is still strong, and gold sales season has not yet arrived, the recent gold may continue to fall, testing 800 U.S. dollars juncture.

A stronger dollar triggered diving gold

Recently, the U.S. dollar index very active, the dollar index rose last week to four months to the highest level, the euro hit 1.4880 against the dollar below the six month low. European Central Bank Tuesday said that the European economic slowdown faster than expected, Europe's weak trend may continue into the next few quarters. By the recent weakness in the euro zone economic pressure, the euro continued to weaken, investors worried about the continued deterioration of the euro zone economy, promote the strength of the U.S. dollar up, gold plunged into one of the main factors. At the same time, international crude oil futures prices since July 3 record 145.29 U.S. dollars / barrel the highest settlement price since dropped all the way, the stronger dollar and crude oil prices keep falling international gold makes the decline in domestic gold also fell below affected by this history Low, setting a new low this year.

In addition, the National Bureau of Statistics announced that CPI index in July rose 6.3 percent last year, the CPI in July dropped significantly, inflation is expected to slow down. Analysts believe that the CPI index for the gold and are related to the consumer price index and the decline in international commodity futures dropped sharply on the domestic gold to a certain pressure.

In addition, the Russian and Georgian military conflict has driven gold's attractiveness as an investment hedge, geopolitical tensions become one of the factors supporting gold.

At the same time, international other precious metals also drag down the gold, silver and palladium fell 4.31 percent and 3.16 percent. Fund-listed gold ETF with the volume also declined, the world's largest ETF fund with the amount has been reduced to below 9 million ounces.

800 U.S. dollars precarious juncture

As investors in the European economy is increasingly worried about the deterioration of sentiment, the U.S. dollar index rebounded sharply recently. Analysts said the gold market fear, with the prices did not stabilize signs, the recent trend is likely to remain weak. Gold quickly fell below support at 850 U.S. dollars, short to be popular Zhu Zhang, Europe and the United States time to test the 800 U.S. dollars juncture.

Green Futures analyst Shu-feng that the downward price trend has reversed, and the economic data released this week positive for the dollar, the dollar index this week is expected to reach 77 points, with New York gold short approach, gold may not take a firm 800 Dollar mark, gold is near 786 U.S. dollars since August 2007 to start up the highest point for 60 percent retracement, the gold may have some support. If below the point position, lowered gold only 700 U.S. dollars. The domestic gold Wednesday will seek to 180 yuan-rounded support. Operation, proposed a single-space, short-term goals-for 178 yuan, or 790 to 800 U.S. dollars in the corresponding international gold.

Source:金羊网-新快报Author: Zhang Yi

Beijing lower international gold price all the way down the four ministry

Source: Jinghua Shibao


Yesterday, Beijing's main gold jewelry sales of food establishments 100 shopping centres, the U.S. buildings, shopping malls are Guohong cut the price of gold jewelry, after adjustment, the market price of 24K to 230 yuan / g around 1000 24K price is reduced to 242 yuan / gram. It is understood that this is Beijing in April since the first gold prices down.

100 dishes and the prices to the United States agreed, will be 24K from the original 235 yuan / gram to 230 yuan / g, 1000 24K from 248 yuan / gram to 242 yuan / g; Guohua shopping centres in price from 24K 230 yuan / gram to 228 yuan / g, 1000 24K from 247 yuan / g reduced to 242 yuan / gram. Despite the drop different, but after the price drop is very close.

Chief of the tripod in the note-issuing gold analyst ZHU Tong believes that the way the international price of gold is lower retail prices to reduce the main reason.

Another industry that is currently around 860 U.S. dollars an ounce of gold has been close to the international "bottom", may be half a month of gold jewelry prices will also increase the pressure there. (Ancient Xiaoyu)

Gold fell 60 U.S. dollars on the 1st of investors say enough stock or six months

China Network


International spot gold yesterday morning year minimum


On the 1st plummeted 60 U.S. dollars


Gold leverage to do a two-day loss of 70 percent of investors say enough stock or six months


QQ, the other-a "sweating" from the facial expression.


"Can only be described as a tragic, which is on the 2nd plummeted since the'1032 '(March 19, 2008 to March 20) since the' most spectacular 'down - the fastest, the dollar declined the most.


"QQ the other end, far away in the high Purcell Chengdu Research Center analyst FANG Jing told reporters.


No wonder so touching FANG Jing, the international spot gold in less than 24 hours plummeted more than 60 U.S. dollars - from the end of Asian trading hours Tuesday's 864 U.S. dollars / ounce Wednesday morning to the Asia-801.90 U.S. dollars / oz, the gold market, such as shorts "So Autumn leaves" as the Commissioner of Lian Po, down nearly 62.1 U.S. dollars, or 7.19 percent.


801.90 U.S. dollars / oz, the international spot gold in the lowest point in years. Such "diving" market, it is rare.


International spot gold fell, some people cried some laughter. This year, do people apply the paper gold, gold leverage to do even worse and more people, and some people flew in low buy physical gold or gold.


The people of


Paper gold apply to the pain


Fan home in Gulou operating coin collection of Wang Jun is a lucky investors. These two days, he has been fortunate, "Fortunately, not greed, ah, slightly earned a point on the immediate dismantling."


By the end of June, Wang Jun launched Internet banking, the bank bought the personal accounts of the (commonly known as "paper gold", the only gold in the book reflect the changes do not involve physical delivery). At that time, the bank sold at that price for investors to buy 204 yuan / Ke, Wang Jun bought 1,000 grams. Subsequently, the International Spot gold rose driven the price of the individual accounts, July 21, in the personal account of the price reached 211 yuan / grams of time, Wang Jun dished out the accounts of 1,000 grams, easily earned 7,000 yuan.


Chushe the city of Wang Jun hear it several times he has followed the impulse to buy, none of the Renzhu. "Mainly to see oil prices drop in the dollar rebound, I am afraid there are big ups and downs of international gold, not Ganzai start. Think about now is really lucky ah!"


Bank paper gold prices in international spot gold with a walk, this time the international spot gold dropped to the beginning of the year investment in paper gold investors, a full apply.


Apply in person, the worst recovery in the high-investors, Fang Li is one of them, he set the international gold highest point 1,032 U.S. dollars / ounce after into the field. Humorous when he answered a reporter's question, shouting out the "Tonga!."