Commodity Trade Mantra

Posts Tagged ‘Exchange Rate’

Gold is a Permanent Menace to Government's Power over Fiat Money

Existence of gold in the economy is a constant reminder of the poor quality of government paper & it always poses a threat to replace the paper as the country’s money. Despite government backing of its prestige & its legal tender laws to fiat paper, gold coins in the hands of the public will always be a permanent reproach & menace to government’s power over money.

The Strong Dollar Could Turn on a Dime

Right now capital is flowing into the United States, away from these other countries, partly because the expectation of stronger growth and stronger rates. That’s why the dollar is stronger today. But will US rates actually go up in 2015? If no, and I believe it is so, then the current strong dollar trend could turn violently on a dime.

Yuan: China's Foreign Exchange Policy Nothing But A Silly Game

This is indeed silly games. Until anyone in the mainland can take money freely in and out of the country, the yuan remains officially defined as funny money. There is no such thing as “normal” in the yuan exchange rate. Normal market forces do not determine it.

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