It's been some time since I blogged. I have had to deal with a series of health issues ... In any case, I thought I'd share a few quick thoughts about Trump's historic win. The day before the election, the New York Times estimated Trump's chance of winning at 16% - but compared to most other "pundits," I think they were being kind. But history had a way of making history. … [Read more...] about Trump for Peace and Prosperity
currency manipulation
The beginnings of a multi-currency monetary system for the world
One of my favorite columnists for China Daily is Zhang Monan. She has a crisp picture of our world's financial system. Her recent Op-Ed, "Rebalancing global economy," lays out for us the benefits enjoyed by the U.S. for having the USD dominating the international monetary system. Precisely because the U.S. is diluting the value of the USD at the rest of the world's expense, … [Read more...] about The beginnings of a multi-currency monetary system for the world
The current global imbalance, a fight between rich and poor
Despite the moral posturing and smearing campaign against China in the Western media on the currency valuation issue, the essence of the current rebalancing of our world economic system is a fight between the rich and the poor (and between the rich themselves). The U.S. really doesn't have this currency valuation issue all that together. Here, NYT reports "Currency Rift … [Read more...] about The current global imbalance, a fight between rich and poor
The Politicization of the Yuan
The U.S. Congress is running scared. With a mid-term election coming up and a populace that is unhappy about the economy, they have resorted to be mad about something, and that something appears to be China - specifically China's valuation of the Yuan (RMB). The argument goes: China is keeping the yuan artificially low. In keeping the Yuan low, China is stealing job from … [Read more...] about The Politicization of the Yuan
Psst … is China a currency manipulator and cause of the world financial crisis?
According to an op-ed by Paul Krugman in the NY Times today, China is not only a currency manipulator, but also a cause of the world financial crisis. I usually have some respect for Mr. Krugman, so I'll try to take his op-ed seriously. … [Read more...] about Psst … is China a currency manipulator and cause of the world financial crisis?