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Written by John Ross Crooks - Black Swan Capital LLC
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Tuesday, 19 January 2010 08:41 |
Quotable
“China will maintain reasonable growth in money supply and credit, focus on optimizing the credit structure and carefully manage the pace of lending to reduce financial risks.” - Wen Jiabao, Chinese Premier and Juggling Extraordinaire
FX Trading – Somebody give the Chinese a US talk show slot
With all the controversy surrounding Jay Leno, Conan O’Brien and mama bird NBC ... perhaps China would like to slip in and host a show, regardless of whether they get pushed back by half an hour.
It seems Chinese officials like to talk. Ok, maybe they’ve earned it; China has quickly become the make-or-brake(-or-break) for the global economy. So why not soak up the spotlight while you’ve got it, right?
It’s clear the latest public juggling act for Chinese officials is stemming the “overheating” critics while appeasing the “choke-off-the-economy” critics. In other words, their rhetoric is balancing a tightening policy with an accommodative policy.
....read more HERE
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