The old saying that you should be careful what you ask for–you just might get it–applies in spades to Helecopter Bernanke’s pressure on China let the Yuan appreciate vs. the Dollar. Washington, D.C. has been throwing its weight around in diplomatic circles, trying to cajole China into “playing fair” and letting their currency float subject [...]
This is a great short interview of Jim Rogers, legendary Wall St. guy. In it, he shares his contempt for Washington, D.C. hacks along with his view that world governments are headed down exactly the wrong path with their currency strategies. In his view, they are printing money to solve difficult problems, but they are [...]
All of the growth stories about China over the last 5 to 10 years have come to fruition. They’ve created a bubble. Anytime there is a worldwide rush of investment to one idea, place, or thing, it is bound to produce over-investment, and that it has…in spades. Three numbers should suffice to give Chinese economic [...]