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Nouriel Roubini's Bullish on the Chinese Yuan: Think Twice Before Buying It in ETF Form

Then the day that you'll invest in Yuan will be sooner than you think.
Not only Chinese people from all over the world are migrating to China because of the massive opportunities there and (yes) the economic freedom from a lot of socialist regulation and taxation that plagues the West, but also many non-Chinese are trying their luck and enjoying the upbeat mood.
You should take a look in Shanghai or Shenzhen and see for yourself.


On May 15 10:10 AM max12345 wrote:

> When people from all over the world start trying to emigrate to China
> to live there permanently because they love the freedom there, or
> when Chinese rock and roll music is danced to in the discos of this
> world, maybe then I will buy lots of Chinese Yuan and sell short
> the U.S. dollar. Until then I am going to stick with the Greenback.
> (Sorry Nouriel if I don't follow your phenomenal logic)
>
> The power of countries or of empires...the British Empire, the U.S.
> Empire....and the Chinese Empire that Mr. Roubini foresees and predicts
> for the future (he ranks right up there with Cassandra) is a very
> complex ongoing interplay of political, economic, social, cultural
> and military power and the related forces and influences ....that
> allow a country to run things either because people like it or because
> they are too afraid of it. In the case of China it's unlikely it
> will be able to muster up enough of either for at least another couple
> of centuries. And by then planet earth will be dead and buried due
> to the continuing environmental assault by the "human" race. And
> so I do rank right up there with Nouriel in terms of pessimism?

China Investor Update

Cheque book diplomacy.
Reminds me what the US was doing in Indonesia in the bad old days of Sukarno and Suharto.

Watch the ensuing corruption.