From the category archives:
During the campaign, Obama has regularly criticized China over trade restrictions, copyright infringement,currency manipulation, and tarriffs.
The Chinese while still keeping an open mind, are very worried about what an Obama presidency will mean to them.
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I went to a Bank of China branch yesterday to exchangesome currency and I was shocked at the pathetically slow service there.
The Bank of China is one of four state owned/controlledbanks and I can tell you that it is as inefficient, slow, and overstaffed as you would expect a Communist-run bank tobe.
I had never invested [...]
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A very interestingarticle about the weak U.S. dollar benefiting foreign tourists visiting our country.
The Wall Street crowd thinks that devaluing our dollar is the pathway to prosperity. They couldn’t be more wrong. Therehasn’t been a country in history that has debauched its currency without eventuallycollapsing.
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Vietnam is suffering from a 25%-plus inflation rates and in an effort to save its
plunging currency, suspended the
importation of gold.
Vietnam investors are so intensely buying gold as a
hedge against inflation that gold importation has become one of the largest trade deficit contributors.
The government can try to stop investors from buying gold, but it won’t work. [...]
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Quarterly profits at Sony more than
tripled and beat expectations.
I don’t own Sony because the strong yen is going to
hurt profits (76% of sales come from outside Japan), but their product lineup is so
strong that they are overcoming that currency drag.
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IBM reported its Q1 results last night and fooled the Wall Street crowd into believing that business is great. I
think, however, that many of Enron’s accountants must now be working at IBM.
How come? IBM’s profits are more a result of financial engineering than strong business fundamentals.
Myth #1: IBM said it’s sales increased by 11% last [...]
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The dollar has been in a free fall against almost all currencies, including the Chinese renmimbi.
For the first time the Chinese government pegged its currency to the U.S. dollar in
2005, the exchange rate has fallen below 7.
The renmimbi has now gained more than 18% against the dollar since 2005.
The health (or lack thereof) of a [...]
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