CHINA SUCCEEDS IN HAVING IT BOTH WAYS
The American Chamber of Commerce which I renamed some years ago the Chamber of Horrors is in a dilemma. For the last twenty years they have been proponents of exporting jobs firstly to Mexico and then to China is now ion a quandary. Some of its members are complaining to them that the Chinese government [...]
ROLL ON SPRING; I’VE HAD ENOUGH OF THIS WINTER
Europe and America are still in the grips of cold bleak weather with no sign of Spring arriving just yet. The Southern Hemisphere has been basking in one of best summers on record. The Copenhagen get together in January ended up a disaster for the Al Gore lovers. The Northern Hemisphere weather could not have [...]
JAPAN NOW HOLDS MORE U.S. DEBT THAN CHINA
The Chinese are selling their holdings and last week Japan took over first place with $767.8 billion of Treasury bonds supplanting China’s holdings of $755.4. Having only attained a high school diploma, I have huge difficulty how all this debt nonsense works. Over the past year the Federal Reserve has been buying Treasury bonds, so [...]
CHINA JAILS ONE OF ITS BILLIONAIRES PENDING PROSECUTION
More music to my ears; founder of Gome Electronics, Huang Guangyu languishes in jail somewhere in China awaiting trial for bribery, corruption and share manipulation. From humble beginnings he built Gome into the largest retail electronics chain in China. In 2006, he was forced to sell off 25% of his holdings in the Hong Kong [...]
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