Annon Hong

3 Comments

    • Riddle: What Currency Is Warren Buffett Buying? [view article]
      So I guess what US government really wants is for Yuan to go up high enough so that US can enjoy China's cheap labour. And while doing that, US also makes sure that the expensive made-in-US products sell enough to China to pay for all the cheap stuff. Hmm, I see. Very brilliant plan. People in China makes $200/month vs US $1600/month. People in US only need to work 1 month to buy 8 months of supplies from China. But people in China need to work 8 months to buy 1 month of products from US. But only with this would US call it a fair trade and also keep a straight face. May 15 02:24 PM
    • Riddle: What Currency Is Warren Buffett Buying? [view article]
      Sorry that I am new to this currency thing. I am a little confused. US imports from China much more than it exports to China. Why would US want Yuan to go up? Doesn't that make imported items more expensive/inflated? Unless people expect China to buy more from US if Yuan goes up? That's a lot faith on China's demand for US goods based on currency differentials. If the argument is that only with higher Yuan would US buy less from China, then this isn't really a currency issue to start with right? Because it would just mean that US will be buying less with the same amount of money. I must be missing something. Any enlightening comments are appreciated. May 14 08:30 PM
    • Talk of a Chinese Equity Bubble is All Relative [view article]
      Sure everything can be made less significant by comparing to more extreme cases. But do we really want to overlook the fact that China has many of its major infrastructures in early development stage and that we should just compare its economical data in such an isolated way? Is it really just the index and dividend numbers that matter in determining whether it is a bubble or not? May 14 04:39 PM
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