What Does the Financial Meltdown Mean for You? | Newsweek Inside Business

How Worried Should You Be?

Newsweek Web Exclusive

Email To A Friend

Please fill in the following information and we'll email this link.

SPONSORED BY

"There's more downside now than upside," says Jeffrey Hirsch, publisher of the Stock Trader's Almanac. "But it's times like this when good buying opportunities happen, and we've got our radar out. If we get a huge blowout down, that would be the time to shop."

Believe it or not, he's looking to load up on the banks.

The first banknotes were used in China in the 7th century, and the first in Europe issued by Stockholms Banco in 1661.
[The percentage of global market cap that U.S. equities make up has fallen from 35% at the start of 2007 to 28.35% at the moment. At the start of 2007, China made up just 1.89% of global market cap, ranking 12th out of the top 18 countries. Chinese equities currently rank second and make up 8.12% of global market cap! China is followed by Japan, the UK, France and Hong Kong. ]
[After another IPO in Shanghai in November, PetroChina (PTR) became the largest company in the world and made headlines as the first trillion dollar company. While it still ranks number one in its quest for global dominance, it has lost quite a bit of its value since then and is now worth just under $700 billion. PetroChina is followed by Exxon (XOM), General Electric (GE) and Gazprom. ]
(http://seekingalpha.com/article/60431-global-equity-market-caps-u-s-loses-ground-to-china)

In just 2 years US market cap decreases by 20%; while China increases by MORE THAN 300 PER CENT. It???s shocking, but understandable for the country that invented the banknotes.
If U.S. financial institutions are not expanding credit market share in China; it might be too late already.

Member Comments

- Reply
- Report Abuse
Posted By: memo2 @ 07/17/2009 12:03:54 PM

Perhaps we have so kind of cranky questions but I don't believe Mr:Geithner and his new team will resolve this,Perhaps we will be talking about this in the following months !..
- Reply
- Report Abuse
Posted By: memo2 @ 07/17/2009 11:50:23 AM

My concern is we only make China more Rich the question is how this happen and who let this happens !.
And why China are buyin all the U.S Bond's, I don't think this kind of situation is good for us....
- Reply
- Report Abuse
Posted By: martialguy @ 04/12/2009 11:27:55 AM

The first banknotes were used in China in the 7th century, and the first in Europe issued by Stockholms Banco in 1661.
[The percentage of global market cap that U.S. equities make up has fallen from 35% at the start of 2007 to 28.35% at the moment. At the start of 2007, China made up just 1.89% of global market cap, ranking 12th out of the top 18 countries. Chinese equities currently rank second and make up 8.12% of global market cap! China is followed by Japan, the UK, France and Hong Kong. ]
[After another IPO in Shanghai in November, PetroChina (PTR) became the largest company in the world and made headlines as the first trillion dollar company. While it still ranks number one in its quest for global dominance, it has lost quite a bit of its value since then and is now worth just under $700 billion. PetroChina is followed by Exxon (XOM), General Electric (GE) and Gazprom. ]
(http://seekingalpha.com/article/60431-global-equity-market-caps-u-s-loses-ground-to-china)

In just 2 years US market cap decreases by 20%; while China increases by MORE THAN 300 PER CENT. It???s shocking, but understandable for the country that invented the banknotes.
If U.S. financial institutions are not expanding credit market share in China; it might be too late already.