From the category archives:

Asia

Even China Is Cutting Rates

June 8, 2012

in 2012, Asia, Australia, BRIC, China, USD, bubble, central banks, commodities, foreign investment, forex, indicators, interest rates, international economy, market reports, news and updates, recession, risk, sovereign debt

Last week we were surprised to see a 25 basis point rate cut by Australia – whose inflation and unemployment levels are in a healthy range – so to now see that even China has cut interest rates, well, that’s telling you something significant about the weakness and risks facing global growth.
First Rate Cut Since [...]

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China Drops Dollar in Direct Trade of Yuan

May 27, 2012

in Asia, BRIC, China, G20, USD, central banks, currencies, exchange rates, foreign investment, forex, indicators, international economy, market reports, news and updates, trends, world reserve currency

Slowly but surely, the reserve currency status of the United States dollar is transitioning into a lesser role, at least for China. As early as June, the AP reports, the Yen and Yuan will begin direct trading without the use of the USD as a “cross-currency” intermediary. This means that the USD will no longer [...]

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5 Signs You Need To Take the Yuan Seriously

January 25, 2011

in Asia, BRIC, RMB, currencies, forecasts, foreign investment, forex, international economy, risk, world order

Lots of trash-talking the “China thesis” lately. People (Americans) want to think that the U.S. is the only place that “real” innovation can happen, or at least that the U.S. is the only place that has and protects the “right kinds” of freedoms that will allow the “right kinds” of innovation to happen.
Sorry, but I [...]

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Chinese Yuan Savings Accounts at Bank of China

January 24, 2011 · 2 comments

in Asia, BRIC, China, RMB, USD, banks, currencies, diversification, financial planning, foreign investment, hedging, inflation, investing, living in US, market trends, money management, risk, savings, wealth protection, wealth transfer

Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]

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Chinese New Year typically involves a lot of gold buying, just like the Indian marriage season in late summer and Autumn. How much higher will the price of gold go as a result of the Chinese New Year?
This year’s Chinese New Year (or Lunar New Year) occurs on February 3rd and celebrations will last until [...]

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How To Open A Chinese Yuan Bank Account

January 22, 2011 · 7 comments

in Asia, BRIC, China, RMB, USD, banks, diversification, international economy, money management, preparedness, savings, wealth protection, world reserve currency

It’s easy to open a yuan-denominated bank account with the Bank of China if you’re willing to travel to New York City or Los Angeles – two locations where the Bank of China will do this.
Investors are increasingly interested in diversifying away from the U.S. dollar (USD) and into alternative currencies. You don’t have to [...]

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You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]

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