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Despite repeated rhetoric from Beijing that the renminbi’s rise would be slow and orderly, this snowball appears to be gaining real momentum, as evidenced its past month’s performance versus the buck. Beijing is now admitting that curbing inflation is their top priority: China’s yuan traded near a 17-year high after the central bank reiterated its […]
Ask anyone who remembers the 1970’s – there’s no inflation like wage inflation, which has a nasty habit of perpetuating across the economy at large. With Chinese leaders about to convene for some chalk talk around their next five year plan – and raising wages near the top of their agenda – what does this […]
Looking to diversify your US dollar holdings into some Chinese yuan/renminbi? Now you can – thanks to the Bank of China, which is allowing US customers to deposit up to $20,000 a year: It’s not as crazy as it sounds. As The Wall Street Journal’s Lingling Wei reported Wednesday , the Bank of China here in […]
Most bullish commodity cases offer the seemingly irrefutable argument of “China” as a driver of higher prices in the weeks, months and years ahead. The logic is sound—demand for [Insert Commodity X here] is growing like gangbusters, and this trend will not only continue, but is likely to accelerate as China becomes a net importer […]
Quietly, Chinese stocks continue to slide, now down 12% for the year to date. Since China had announced its plans to target inflation, the Shanghai Index has taken it on the chin: Chinese stocks quickly retraced a portion of their 2008 losses – and then slowly faded. (Source: StockCharts.com) Regular readers know that we like […]
As most intelligent investors and business people can see, most of the recent stimulus and “quantitatively eased” funds are not really finding their way into the heart of the American economy. Ironically, much of this money is heading overseas, with China being as hot a destination as any. So, while boneheaded American politicians hem and […]
As I sit here typing comfortably from my Steelcase chair in Sacramento, CA, it may be a little presumptive for me to weigh in my $0.02 in the Chinese bull/bear debate. Some convincing China (short term) bears – like Marc Faber and Hugh Hendry – believe things are not going to end well in China. […]
One question that always seems to surround Asian economies is: How much wealth is actually being created? GDP numbers can be misleading, as they focus on the total dollar value of transactions in the economy. And as you well know, there can be a big discrepancy between top line sales, and bottom line margins. In […]
Chinese energy consumption has officially surpassed the United States – wow! For a breakdown on Chinese energy consumption by source, here’s our friend Marin Katusa with the tale of the tape… — China Is Winning the Energy Race By Marin Katusa, Casey’s Energy Opportunities Stop the presses. The United States is no longer the world’s biggest […]
These days we are keeping a keen eye on markets that have been reliable leading indicators of the stock market. Since 2004 or so, markets have become quite interrelated, creating a lot of interesting relationships in markets that previously had little or no correlation. The correlation of course peaked during the 2007-2009 downturn, when EVERYTHING […]
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