Recently, the US Treasury Department released data showing an 11% decline in official Chinese holdings of US government bonds during the past year. For US dollar holders, this is a troubling trend. Not so much for those holding gold. To put it simply, the Chinese government isn’t adding to its US bond position…
September 20th, 2010 | Byron King | 6 comments | ContinuedAll Posts Tagged With: "chinese"
Peking Duck in 1949 and Chinese Returning to China
The Chinese have been the source of many innovations – from pasta to gunpowder. But Peking duck is their finest contribution to human life.
May 19th, 2010 | Bill Bonner | 1 comment | Continued
In the Shadow of the Volcano
Let’s start with, where Shanghai stocks fell 5.1% yesterday and are 26% off the index’s 52-week high…
May 18th, 2010 | Dan Denning | 0 comments | Continued
Thomas L. Friedman Trying to Reassure Americans
Back to Mr. Thomas L. Friedman. What we like about Mr. Friedman is that he is such an unworthy opponent. It is like playing darts with a blind man or a boxing match against a paraplegic.
November 25th, 2009 | Bill Bonner | 3 comments | Continued
A Recovery of Some Kind in Global Trade
“Global trade rose at its fastest rate in more than five years in July,” The Financial Times reports, “suggesting the economic recovery is feeding through into commerce.”
September 30th, 2009 | Bill Bonner | 1 comment | Continued
Have the Chinese Stopped Industrial Stockpiling of Raw Materials?
Speaking of losing and just what’s at stake as September begins, why don’t we start with where the entire global recovery – and Australia’s resilience – are supposed to reside: Chinese strength. The Shanghai Composite fells 6.7% overnight and is now down over 25% from its highs. Uh oh.
September 1st, 2009 | Dan Denning | 0 comments | Continued
Ben Bernanke is a Victim of the Trade
This week, Ben Bernanke got the nod for another stint as head of the world’s most important central bank. Yes, he completely misunderstood the implications of the hugely negative US trade balance, believing that America did the world a favor…
August 31st, 2009 | Bill Bonner | 0 comments | Continued
Rich Blamed for Financial Debacle of Last Few Years
Their governments all have in it for them…taxes on ‘the rich’ are rising. The Democrats are talking about financing the entire nation’s health care system on the backs of the super-rich.
August 26th, 2009 | Bill Bonner | 4 comments | Continued
China Reduces Holdings of Treasury Securities
The Obama administration announced that it expects $9 trillion in deficits over the next 10 years. One of the great mysteries of our time is: where will the money come from? As we pointed out last week, even if every dollar of US savings is applied to the task…
August 25th, 2009 | Bill Bonner | 4 comments | Continued
Roubini Says United States Will Climb Out of Recession Towards End of Year
Maybe he will be right. Maybe this downturn will resemble Japan’s multiple recessions over the last two decades. Or maybe it will be a single, deeper and longer lasting slump – like the one in the early ’30s. We don’t know. Either way, it should be thought of as a depression…
August 19th, 2009 | Bill Bonner | 0 comments | Continued
Australia Ponders its Chinese Future
Let’s take a break from the great housing debate today and return to markets. What a day it was! Gordon Brown is ridiculed in the European Parliament as a U.K. bond auction fails. The U.S. Treasury Secretary is forced to consider a Chinese proposal for a new reserve currency that is not the greenback.
March 26th, 2009 | Dan Denning | 3 comments | Continued
Teach Your Children Chinese Because China is the Next Great Country
The best thing you can do for your children is to teach them Chinese. And make sure their money is not in dollars. The U.S. is now the largest debtor ever…
July 28th, 2008 | Bill Bonner | 3 comments | Continued
Chinese Consumers Are Getting Shiny New Credit Cards
If you think that lack of financing is the only thing holding China back from consuming, consuming, consuming like we Westerners do, then prepare for a shock, as from atimes.com we get the report that “China’s Shoppers Stock Up On Cards” by Catherine Jiang. She writes, “Chinese consumers, until now recognized as among the world’s most determined savers, are adding credit cards to their wallets in record numbers…
July 22nd, 2008 | Mogambo Guru | 0 comments | Continued
Looking Out the Car Window
Elizabeth was looking out the car window as we drove through rural Poitou, a region Southwest of Paris on the road, more or less, to Bordeaux.
February 26th, 2008 | Bill Bonner | 2 comments | Continued
China Added More to Global Economic Growth in 2007 than the United States
“China added more to global economic growth in 2007 than the United States. That’s the first time a country other than the U.S. pulled the bulk of the global economic sled since at least the ’30s.”
February 14th, 2008 | Bill Bonner | 1 comment | Continued
