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Like many people and governments, China does not like to be told what to do. If the U.S. Government wants to succeed in getting the China to up-value the Yuan, it should refrain from pressuring the Chinese Government, and certainly not resort to threats.
If you read China’s pronouncements, it is clear that the Government is sending out repeated signals that it is willing to raise the value of its currency, yet will delay doing so if the U.S. or any other major nation threatens or pressures it to take action. China, like all nations wants to keep its dignity intact, and if European and U.S. politicians have any common sense they will not aggravate China. If the outside pressure ends, the Yuan will rise by 7 to 10 percent in 2010.
As soon as China can raise the value of the Yuan without losing face and looking as if they are taking advice from Western politicians, we believe that they will do it. We hold Chinese Yuan expecting them to rise in value, and if Western politicians can keep their mouths shut, we will buy more.
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ELECTION ECONOMICS-NOVEMBER 2010 ELECTIONS
Although they are almost a year away, the 2010 U.S. elections should be foremost on the minds of all investors. Why? Because the 468 incumbents in the House and Senate who are running for reelection are already springing into action. Terrified about their prospects for reelection, the candidates are ready to do (spend) what it takes to secure another term. This will set into motion a chain of economic behaviors that will ultimately have a depressive effect on the U.S. dollar.
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Many of our wise friends have been concerned for years that the world will see another Middle East war. Simultaneously, others who we respect are currently concerned that peace in the Middle East will cause oil prices to fall. Recent news coverage of the Iranian nuclear program has heightened these fears among many investors. Will Iran get the bomb? Will they use their nuclear power rashly? Although we believe that eventually Iran will have nuclear warheads, we believe that sane behaviors will prevail.
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The end of September is here. We wish you a happy and healthy fall season in the northern hemisphere and spring in the southern hemisphere.
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A TALE OF TWO TYPES OF BANKING SYSTEMS—AND WHY WEAK AND STRONG BANKING SYSTEMS MATTER TO INVESTORS
THE WEAK BANKING SYSTEMS
Weak banking systems can be found in Western Europe, the U.S., Japan, the Baltic states, Iceland, and much of Eastern Europe. The weakness of these banking systems has caused economic growth to slow dramatically.
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On June 16th, Brazil, Russia, India and China, four of the world’s fastest growing nations, will summit in Russia. The BRIC nations come in to the meeting producing about 20 percent of world GDP. Their economies have been growing, while developed Europe and the U.S., currently representing 28 and 25 percent of world GDP respectively, are in economic decline. After the current global slowdown, by the end of 2011, the BRIC nations will be producing closer to 25 percent of world GDP. The BRIC nations want more control and more global influence…but individually, their strengths and their goals differ.Click here to read full article... |
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Posted On:Tuesday, August, 19, 2008THE NEW COLD WAR Author's: Monty Guild, Tony Danaher THE NEW COLD WAR…
Russia is in the hands of one of their old style rulers in the form of Vladimir Putin and his finger puppet President Dmitry Medvedev.Click here to read full article... |
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