Tag Archives: yuan

China’s $6.6 Trillion Toxic Loan Problem

“As long as you’re green, you’re growing.  As soon as you’re ripe, you start to rot,” once remarked Ray Kroc, mastermind of the McDonald’s franchise empire. At the moment, no truer words can be spoken for China’s ripe economy.  The … Continue reading

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Fighting the Suck in China

Old records are being broken.  New records are being notched.  On Monday, for example, the People’s Bank of China reported a record liquidation of foreign exchange reserves occurred in November. Specifically, China’s foreign exchange reserves declined $87.22 billion in November … Continue reading

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Significant Yuan Devaluation Imminent

The Department of Commerce reported last week that U.S. gross domestic product grew at a 2.1 percent annual rate during the third quarter, not the 1.5 percent rate previously stated.  Apparently, private inventory investment was greater than initially estimated.  Nonetheless, … Continue reading

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The Great Money Caper

Several weeks ago we alerted you to the burgeoning currency wars and the new age of desperation.  If you recall, nations, in unison, are attempting to export their way to prosperity by killing their currencies.  Unfortunately, if everyone’s doing it, … Continue reading

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