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  • Digg it UP - Real Estate And The Year Of The Pig

    Poker Affiliates: Choose the Right Online Poker Room Programs to Promote
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    his humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This mass
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    The Lunar New Year dates from 2600 BC, when Emperor Huang Ti introduced the first cycle of the Chinese zodiac.

    Because of cyclical lunar dating, the first day of the year can fall anywhere between late January and the middle of February. On the Chinese calendar, 2007 is Lunar Year 4704-4705. On the Western calendar, the start of the New Year falls on February 18, 2007 - The Year of the Pig.

    The Year Of The Pig is of particular importance for North American real estate markets, since the level of interest rates is in direct function of how China's Central Bank will direct the investment of its USD 1 trillion in foreign exchange reserves.

    China's foreign exchange reserves are at twice their level of two years ago and amount to more than one-fifth of all global foreign exchange reserves in American Dollars. To put things into perspective, this humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This mass

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    ate January and the middle of February. On the Chinese calendar, 2007 is Lunar Year 4704-4705. On the Western calendar, the start of the New Year falls on February 18, 2007 - The Year of the Pig.

    The Year Of The Pig is of particular importance for North American real estate markets, since the level of interest rates is in direct function of how China's Central Bank will direct the investment of its USD 1 trillion in foreign exchange reserves.

    China's foreign exchange reserves are at twice their level of two years ago and amount to more than one-fifth of all global foreign exchange reserves in American Dollars. To put things into perspective, this humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This mass

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    is of particular importance for North American real estate markets, since the level of interest rates is in direct function of how China's Central Bank will direct the investment of its USD 1 trillion in foreign exchange reserves.

    China's foreign exchange reserves are at twice their level of two years ago and amount to more than one-fifth of all global foreign exchange reserves in American Dollars. To put things into perspective, this humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This mass

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    reserves.

    China's foreign exchange reserves are at twice their level of two years ago and amount to more than one-fifth of all global foreign exchange reserves in American Dollars. To put things into perspective, this humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This mass

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    his humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This massive hoard of foreign cash reserves is growing exponentially to the tune of some USD 20 billion per month.

    China's foreign exchange reserves already far exceed the minimum level required to ensure financial stability. As a rule of thumb, a country needs enough foreign exchange to cover three months of imports. The reserves of the People's Republic are already enough to cover five times as much - 15 months worth of imports. This is the direct and proximate result of the country's large current account surplus, significant foreign investments and big inflows of speculative capital, especially over the past couple of years. In theory, strong flows of foreign capital into China should have pushed up the Yuan to astronomical levels, but Beijing has resisted this by refusing to allow its currency to float freely, thus forcing the central bank to buy up the surplus foreign

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