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Daily economics – What the Chinese think about the US dollar
Li Lianzhong, head of the Chinese Communist Party’s policy research office, voiced his opinion today about what China should do to reduce its exposure to the greenback. The article offers some clues about what China’s strategy may be, which likely includes a larger role for gold and other hard assets instead of worthless paper. Li…
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Chart of the day: the Nikkei 225
The Japanese Nikkei 225 stock index made headlines today as the index had crossed the 10,000 barrier. The Nikkei index has climbed around 45 percent since its March low and is now at its highest level in eight months. There’s little reason to celebrate though, a quick peep at the chart below reveals that even…
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Daily economics – some bearish views
I haven’t been posting a lot on my blog lately, because I didn’t really know what to write about. This may change as I’m planning to post some more about economic related news, not the typical mainstream stories but the more juicy bits and fascinating contrarian views. One of the interviews I enjoyed reading today…
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Froglets swimming and jumping around
About seven weeks ago frogs laid eggs in our pond, the last time I wrote about them they were still in their tadpole stage and by now most of them have developed legs. Some develop much quicker than others though, there are some tadpoles in our pond that don’t have legs yet, while at least…
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German company to roll out gold ATMs
A German company named TG-Gold-Super-Markt.de plans to set up 500 gold-dispensing ATMs in Germany, Austria and Switzerland. Each of these machines will dispense 1g, 5g and 10g gold bars made by Belgian precious metal recycling company Umicore as well as the popular South African 1 oz Krugerrand gold coin. “In absolute numbers, the demand for…