Recession-Proof Cars
While we’re all griping about yet another handout to the least-deserving, worst-performing businesses in this country, there’s something especially galling about this one to many of us who cover the auto biz. See, while we often get accused of rooting against the domestics, that’s a downright lie. The problem isn’t that American carmakers can’t build [...]
Beijing swells dollar reserves through stealth
China has resorted to stealth intervention in the
currency markets to amass US dollars, using indirect means to hold down
the yuan and ease the pain for its struggling exporters as the global
slowdown engulfs the economy.
A study by HSBC’s
currency team in Asia has concluded that China’s central bank is in
effect forcing commercial banks to build up large [...]
History Has A Way of Repeating: The Gold Price Will Run Out
One of the most fascinating things we have learned about history, is that we do not learn from history. Well, some of us have been taking notes, and those of you who are regular readers of our newsletter are already onto much of this.
If you choose to study money, and particularly gold’s role as money [...]