U.S. hits debt ceiling

The United States government has officially hit the debt ceiling of $14.3 on Monday, 16th May 2011 (U.S. time). Treasury Secretary Timothy Geithner cited that he will suspend investments in federal retirement funds until August 2nd so that the government can continue borrowing. Beyond this period, the Congress has to either raise the debt ceiling or the … Continue reading U.S. hits debt ceiling

Bullish on China for the long-term?

Many investors are bullish on the prospects of China's growth going forward. I belong to this camp too. I'm extremely bullish on China as an emerging market. There are several reasons for this. Firstly, the Shanghai SSE 50 A-Shares Index is currently trading at a P/E of 13.33. Valuations peaked at around 70 times earnings … Continue reading Bullish on China for the long-term?