China is today’s big story. Throughout the world’s media there is much buzz and blather about the “romance”…the “historic relationship”…between the two titans.
November 19th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "yuan"
Dollar Rally the Sort of Thing that Will Lead to Correction in Gold Price
House prices were up 6.2% in the third quarter over the same time last year, according to data from the Australian Bureau of Statistics. House prices in the capital cities are surging. Stocks are surging. Gold and oil are surging.
November 17th, 2009 | Dan Denning | 5 comments | Continued
Total Implosion of the Chinese Economy
You could take all of these as signs that China is leading the world to recovery and managing itself quite well. It should achieve 8% GDP growth. That’s the growth rate that China’s economic planners reckon the country must achieve to maintain high unemployment. And high employment rates promote political stability – valued above all else by a regime that makes free market gestures but still is run by old school communists.
November 12th, 2009 | Dan Denning | 24 comments | Continued
US Dollar Declining as China’s Currency Rises
“We may now be entering the Asian century, dominated by a rising China and its currency. This decline of the dollar might take more than a decade, but it could happen even sooner…
September 23rd, 2009 | Bill Bonner | 5 comments | Continued
Citizens Easily Coerced into Using Government Currency
The best currency is the one that is most stable in value. Historically, the premier international currencies, whether the US dollar after World War II, the Dutch guilder in the seventeenth century, or the Athenian owl in the fourth century BC, were those reliably pegged to gold.
July 1st, 2009 | Nathan Lewis | 2 comments | Continued