Is anyone surprised? India basically sided with the Soviet Union in the past. Working with the US has only been out of mutual interest, and India is no ally.
Is the U.S. Dollar Headed for a Mighty Crash? Part I [View article]
Explain to me again why the US ever got into protected trade agreements with a totalitarian government like China. The US escorted them into the WTO with absolutely no conditions whatsoever. China has no qualms about stealing patented products, processes, intellectual property, pharmaceutical products, blocking US competition within China. What would the trade balance be like without this theft and fixed FX? Maybe "slightly" better?
Check out the latest consequence of their antics. Chinese counterfeit malaria drugs killing people and creating a "superbug" parasite. www.bloomberg.com/apps...
Tell me where are the lawsuits? If a US company produced lead painted toys, they would be destroyed. Heck the EU grabbed serious money from MSFT and Intel for much less of an offense.
U.S. Debt Burden: Negotiate, Inflate or Repudiate? [View article]
I can read this quote 2 different ways. Which is the author implying?
"...the American goverment claimed that Cuba’s debt had been incurred without the consent of the Cuban people, so foreign loans had helped to finance oppression and weren't legitimate. Maybe the Chinese have been studying 19th Century American history..."
A Strong U.S. Dollar Isn't in Anyone's Best Interest [View article]
Sorry Dave. That just doesn't cut it. You can't say "Europe's problems have been largely caused by the US" unless you believe Europe's successful bull run was also largely caused by the US.
I like Harless' argument a lot, although it's not made often. Of course the US should be buying Euros. If China can manipulate markets this way, so can everyone else.
More Whining About the Dollar [View article]
China's Investing in a New Currency... And It Ain't the Dollar [View article]
Really? Then why did they put 70% into a single asset?
Is the U.S. Dollar Headed for a Mighty Crash? Part I [View article]
Check out the latest consequence of their antics. Chinese counterfeit malaria drugs killing people and creating a "superbug" parasite.
www.bloomberg.com/apps...
Tell me where are the lawsuits? If a US company produced lead painted toys, they would be destroyed. Heck the EU grabbed serious money from MSFT and Intel for much less of an offense.
U.S. Debt Burden: Negotiate, Inflate or Repudiate? [View article]
"...the American goverment claimed that Cuba’s debt had been incurred without the consent of the Cuban people, so foreign loans had helped to finance oppression and weren't legitimate. Maybe the Chinese have been studying 19th Century American history..."
Obama Helps China in Preparation for a Dollar Collapse [View article]
I'm still waiting for the lawsuits over the dangerous junk China's been selling to everyone. < cricket chirp >
A Strong U.S. Dollar Isn't in Anyone's Best Interest [View article]
I like Harless' argument a lot, although it's not made often. Of course the US should be buying Euros. If China can manipulate markets this way, so can everyone else.
Fiat Money and a Profligate Congress: A Bad Combination [View article]