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March 2010



Chinese Fortune Cookie

March 29, 2010 – Comments (1)

While I was going to write about all the reasons that people in the first half of their work life ought to be pounding down debt so that they can make life changing investments over the next several years in equities, commodities and real estate, the U.S. and China relationship came to the fore as 130 Congress people decided that China was a currency manipulator.  While there is a lot of politics being played, what most needs to be understood is that China will do what is good for China regardless of what the United States asks for in terms of currency revaluation or trade policy.  [more]

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