Brokerage customer is forever wrong

Getting unceremoniously dumped by your brokerage or mutual fund company is a pretty extreme outcome. By contrast, many firms go to considerable lengths to keep customers content by funneling their complaints to dedicated groups that have been set up to handle disputes.

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Chinese asset prices to explode says Merrill Lynch

According to BofA Merrill Lynch Research China’s stock and property markets may develop into a “full-blown” bubble next year as inflation accelerates.

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China overtakes Japan

China became the world’s second largest economy in 2009, passing Japan, which has held this distinction for decades. The People’s Republic raised its growth forecast for 2008 to 9.6% from 9% which took the total to over $4.6 trillion. The Chinese government says it will have economic growth of 8%.  The financial ministry has suggested that the 2009 number will almost certainly be revised up early next year.

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