U.S. Economy: We Make and Sell Debts
From the “oh, puh-leez” school of economics comes this headline from the recent G7 summit. A week ago the Federal Reserve estimated that domestic US GDP grew at an annual rate of 2.2%; after stripping out the more questionable data it’s more like zero growth. Reminds me of the old Soviet Union: everything was fine [...]
I Have Got A Yen For You
Guest Author: My name is Mazy Hedayat, a lawyer in Chicago. I work with entrepreneurs and business people including software, Internet, and financial professionals. Futures and options are big in Chicago so it ought to come as no surprise that this post is from one of my clients who is a futures trader. Let’s call [...]
China Gets Aggressive With Forex Reserves
Did you know China has more than $1 trillion in foreign currency reserves after posting huge trade surpluses year after year !! Add to that China’s reserves is growing at $20 billion every month !! For China, that is simply spectacular, for U.S. well…sigh* So what does China do with the 1$ trillion ? Right [...]