Thursday, October 18, 2007

How China Could Crash the US Dollar on a Whim

18.10.07
Over the last 30 years, China’s economy has grown at an average annualized rate of nearly 10%. While this statistic alone is jaw-dropping, what is more impressive is the extent to which the nominally Communist country’s economy has become intertwined in the global economy. China now exerts enormous influence over the economies of virtually every country in the world,
http://www.currencytrading.net/2007/how-china-could-crash-the-us-dollar-on-a-whim/

Japan and China lead flight from the dollar

18.10.07
Japan and China led a record withdrawl of foreign funds from the United States in August, heightening fears of a fresh slide in the dollar and a spike in US bond yields.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/16/bcnchina116.xml

Tuesday, October 16, 2007

Brazil Real Approaches Seven-Year High on Inflation Outlook

15.10.07
Brazil's real rose to near its strongest in seven years after economists cut their 2007 inflation forecast, boosting the appeal of the country's fixed- income assets.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aaVn2V3WVllc&refer=news

Wednesday, October 10, 2007

ARE THERE TOO MANY DOLLAR BEARS?

5.10.07
As a contrarian, it is my nature to worry when too many people start agreeing with me. Currently, many of my most vocal critics, who had previously ridiculed my warnings about the dollar, now concede that it will continue to decline. With so many people now on the bandwagon, some currency watchers have asserted that sentiment now has nowhere to go but up, and that the stage is set for a dollar rally. Although I am unnerved by the company, I take solace in the fact that the conclusions that many of these nouveau-dollar bears draw are completely off the mark
http://www.financialsense.com/fsu/editorials/schiff/2007/1005.html