Nov 21st, 2011
Much of the latest issue of the newsletter, sent out two weeks ago, was on disaggregating the trading performance of the RMB to separate market sentiment from PBoC actions, but since this was pretty technical stuff I am not including it in this blog entry. This means that once again most [...]
Nov 6th, 2011
I have already discussed last month why I think the desperate attempts by Europe to get China and other Asian and BRIC countries to bail out the weak sovereign borrowers is absurd, but the topic has become so important in the past two weeks, at least judging by the number of calls I have received [...]
Nov 1st, 2011
Levitra doses: last week’s Senate bill on Chinese currency intervention predictably enough brought out all the same old arguments about international trade, and just as predictably has hardened the opposing positions in the debate. Unfortunately the difference between a good outcome, intelligently negotiated, and a bad outcome, is pretty large, but with each side hardening its [...]