Jim Rogers : ...."...Yes, I own the renminbi again and I do for the past 5 years. They have been opening at more and more. In fact, just this weekend they opened it up a little bit more. They are constantly making it more and more convertible. I think the Chinese are making a mistake. If I were the Chinese, I would make it totally convertible this afternoon, I would not wait any longer. But I am not Chinese. So they do not have to do what I say, but they are opening it up and as it opens more and more, it will be a very attractive investment and it might some day be an international currency...."
in www.economictimes.indiatimes.com
JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
Wednesday, February 9, 2011
China Will Use RMB to Tackle Inflation
Feb. 8 2011 | Wong Sui Jau, general manager at fundsupermart.com, discusses the role of yuan appreciation in China's fight against inflation, with CNBC's Bernard Lo and Karen Tso.
The Yuan to Rise 4% in 2011 says FX Economist
Feb. 9 2011 |Emmanuel Ng, currency economist at OCBC Bank, says China will increasingly use the renminbi as a tool to combat inflation. He tells Dominique Dwor-Frecaut of RBS and CNBC's Chloe Cho, Jackie DeAngelis & Anna Edwards that the Chinese currency will gain 4% against the dollar this year.
Impact Of China Drought On World Food
Impact Of China Drought On World Food
I think it is time for price controls...this worked well during WW1, Great Depression and WW2...Come on Government, you are bigger and more powerful than mother nature...protect us from the reactions to her lack of action...
I think it is time for price controls...this worked well during WW1, Great Depression and WW2...Come on Government, you are bigger and more powerful than mother nature...protect us from the reactions to her lack of action...
Subscribe to:
Posts (Atom)
