Following are the week’s biggest winners and losers. Find out why shares of Merck and Monsanto popped while Sony and the Semiconductor ETF dropped. Read More
As Chinese automaker Geely closes in on completing its purchase of Volvo from Ford, two things strike me; The lack of concern among those in the auto business and the lack of paranoia by those outside the industry. Read More
Chinese stocks and exporters have benefited from relatively under-valued Chinese yuan. Bruce Lavine, president and COO of WisdomTree explained how the yuan and the U.S. dollar relationship affecting how people buy Chinese stocks. Read More
President Obama took his declining dollar to the Asia-Pacific economic conference, and he added to it a declinist opinion of America’s economy. His big message? Don’t count on American consumers to lead the world from recession to recovery and beyond. His second big message? In the U.S., we must save more and spend less. Read More
"For the ancient Greeks it was the three fates that spun the destiny of life, measuring and finally cutting it short. Now, highlighted by events of the past few days, the unmistakable hands of reserve currency, monetary, and fiscal fates can be seen in the dollar’s latest unraveling," writes author Charles Goyette. Read More
The appreciation of the yuan is more a question of when than if, making Chinese stocks and currencies an excellent place to invest, said Jeff Papp, senior analyst for the China Opportunities Strategy at Oberweis Asset Management. Read More
As you may have read, the Chinese grilled OMB director Peter Orzag on the impact that the health care bill would have on the US fiscal position. As I have warned, the passing of the current bill by Congress is a negative for the US dollar and may trigger a re-evaluation of Chinese US Treasury purchases. Read More