Ranks of Millionaire Households at Record 9.3 Million
The ranks of households with a net worth of at least $1 million grew 5%
to an all-time high of 9.3 million, according
to a report released Monday by TNS. he report covers the year through
mid-2006; the value of primary residences was not included.
Continue reading... "Ranks of Millionaire Households at Record 9.3 Million " »
China's economy surged 11.1% in the first
quarter, causing the country's Cabinet to declare Thursday it will take
steps to keep the economy from overheating, reports AP. It was the highest
growth rate since Q2 2006's 11.5% growth, the fastest in a decade.
China's
trade surplus in March fell to $6.9 billion, well below forecasts and down
sharply from February's $23.7 billion surplus, 
Personal income increased $65.4 billion, or 0.6% in February while ,
consumer spending also rose by 0.6% or $55.5 billion, 
US
GDP, a measure of total goods and services output within U.S. borders,
grew at a 2.5% annual rate during Q4 2006, higher than the 2.2% reported a
month ago, and up from 2% in the third quarter, according to the Commerce
Department, reports Reuters.
China
is on course to become the world's second-largest consumer market by 2015,
according to Credit Suisse, reports Reuters. Credit Suisse projects that
the value of Chinese consumption will hit $8.8 trillion by 2020, fueled
partly by a 5% yearly appreciation in the yuan between now and then.
Existing-home sales rose
a strong 3.9% to annual rate1 of 6.69 million units in February following a healthy gain in January, reaching the highest level since last April,
