More on the Chinese Revaluation

To start this off: I queried a passenger today — a Chinese fund manager — about when the Yuan is going to appreciate and by how much. His answer was uniquivocal: 5% in June. This is markedly different than what I’m reading in the US sources about more than 2% […]

About-Face on Renminbi Threatens Economic Melt-Down

It seems like like all the economics bloggers are talking about floating the Chinese Yuan, “soft landings” and “hard landings” and what the Federal Reserve is going to do about what. The bothersome thing about brilliant minds is that they churn through so many permutations so quickly, it can be […]

China’s National Interest in a Full Employment

I have a partial answer to a question posed by Kash at Angry Bear: Why is China still holding on to its dollar peg if it’s not in its own interest? Let’s go back to Alan Greenspan’s comments, which, while cast as a negative are probably seen as a positive […]

90% of America’s Imports

President George Bush is reputed to have said “90% of Americas imports are now coming from overseas.” This unfortunate statement is deceptively meaningful, but false. If accurate it suggests one of three (equally plausible) things about the President: (1) He doesn’t have a firm enough grasp of economics to know […]