From the category archives:
As I mentioned recently, tensions are heating up between China and the U.S.
On the subject of China, Jesse knocks it out of the park today …
They ought not to have been granted full trade status until China allowed their currency to float on some prearranged conditions at the very least. One can only speculate [...]
The U.S. wants China to revalue its currency, the yuan or renminbi, upward. China flatly says “no.” Bloomberg reports that China’s premier, Wen Jiabo, says:
“I don’t think the renminbi is undervalued. We oppose countries pointing fingers at each other and even forcing a country to appreciate its currency.”
Yves over at Naked Capitalism has a post [...]
Cool nights in Florida means we sleep with the windows open, and sleeping with the windows open means (thanks to loud insects, noisy sprinklers, and a plane that had better damned well have been on fire if it flew that low over my house) that I’m up at 3 am reading the news and blogs, which never [...]
I have a new video up today. If you are having problems viewing it, here is a PDF …
http://www.uncommonwisdomdaily.com/wp-content/uploads/2009/09/UWD165.pdf
Also, here is a link to my UncommonWisdomDaily.com column for Friday, ‘China’s Plan to Dominate Rare Earth Metals‘.
Did you see the news today that Beijing has issued a requirement that its stimulus projects ‘Buy China’ . You’ll remember that China protested vociferously when the U.S. talked about putting a “Buy American” requirement in its stimulus package. But the Chinese didn’t have to worry thanks to the echo chamber of babbling heads on [...]
The final numbers are in, and the fourth quarter saw GDP shrink at a 6.3 percent pace at the end of 2008, the worst showing in a quarter-century, and probably isn’t doing much better now. Still, a 6.3 percent decline is better than the 6.5 percent that economists were expecting.
Meanwhile, new claims for unemployment benefits [...]
China’s government has decided to distribute 5 billion yuan ($731 million) in subsidies to encourage vehicle purchases in rural areas. This adds up to as much as $1,170 per vehicle.
China’s fiscal stimulus has aimed to concentrate on the impoverished rural areas that house half of its 1.3 billion population. This is good policy as vehicles [...]
http://www.bloomberg.com/apps/news?pid=20601110&sid=a8.nKDumBnVI
The Chinese government has made it easier for its companies to take advantage of unprecedented low asset valuations by investing in commodities and corporations overseas. Chinese companies now only need to seek approval for overseas investments from local authorities, which is simpler and more streamlined to the previous approval process that went through the central [...]
