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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: RJA_ who wrote (62024)3/17/2010 8:29:05 AM
From: TobagoJack  Respond to of 217869
 
all of a sudden there seems to be a bubble for expertise on china

this is funny bloomberg.com

"... March 17 (Bloomberg) -- China is in the midst of “the greatest bubble in history,” said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP.

The Chinese central bank’s balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan, said Rickards, now the senior managing director for market intelligence at McLean, Virginia-based consulting firm Omnis Inc. ...

... “Take Russia and China together, neither of them is really deserving any investment” except for short-term speculation, Rickards said. India and Brazil are two of the “real economies” among the developing countries, he said.


i wonder, if china inc is shorting the rmb against the dollar, what can make china inc lose - rmb going up?! how would that happen? chinese forgeting how to print with ink on paper ?!

:0)