20k yuan allotment is ONLY for individual a/c
for corporate a/c, no such limit
getgold is a better trade
and done through same wrap a/c
never activated rmb feature
do not see any point in that paper
in so far as fiat money printing and quantitative easing, team usa has no balls and is girly man
reminder: china invented paper, ink, printing press, and paper money
from e-mail tray
From: M
Sent: Fri, November 12, 2010 2:23:15 PM
Subject: Re: Observations - Week of November 8
A hedge fund friend again.....
I thought this is well known to the investment community? Every month they announce incremental new loans among Chinese banks and the latest number is ~500b.
500b X 12 / 6.638 = 903b USD or 150% of QE2 !
On Fri, Nov 12, 2010 at 1:55 PM, J wrote:
M, what have I been trying to hint to you?
Gold n real estate.
And uranium.
And silver.
Sent from my iPad
On Nov 12, 2010, at 12:14 PM, M wrote:
And the world accuses the US of being a money printer....... HA!
No wonder Chinese are buying real estate and gold like mad......
M
On Fri, Nov 12, 2010 at 12:12 PM, M wrote:
Is this something to worry about?
Does it infer that inflation is getting ready to explode in China, and that rates will have to move much higher than expected in order to stop it?
4.5% CPI inflation vs. 2.5% Deposit rates isn't a good sign.
The growth is amazing.
China's M-2 was 50% of US M-2 in April 2005.
Today it is 121% of US M-2
No wonder China has been such a "feel-good" story....
See attached.
M |
