Economic / Business News Update : 05-Jan-10

1. An article on how Visa (and the banks) make money on Debit Cards.

2. Stephen Roach sees Double Dip Recession as possible

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Economic / Business News Update : 11-Nov-09

1. China's Record Debt has Economists Worried

"... China's total lending reached 140% of GDP at midyear."

" ... the loans are creating huge amounts of manufacturing capacity -- which is unneeded in the bears' view. China's spare capacity in the cement industry, for example, equals the total annual consumption in the U.S., Japan, and India combined."

2. Greenspan Says Stock Market Rally ‘Re-liquifying’ U.S. Economy

WAHAAT does he mean ? "..“We have been very fortunate that the stock markets moved back” and are “re-liquifying the whole process,” Greenspan said".

What Lessons have been learnt from the collapse of Lehman brothers ?

How much have leaders of financial institutions (aka "banks") and monetary policy makers learnt from the collapse of Lehman brothers and the subsequent fallout ?

Here's a Bloomberg article on the subject.

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