Misuse of Patriotism

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The following is SB’s response to a widely circulated Republican effort to hit below the belt. The email letter that prompted it follows.
Great letter to say America needs to reinvent its character, yet a biased and unfair. What letter did Mr. Estes write when President George Bush and Saudi King Fahd held hands like [...]

Good for US. Bad for China.

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Today the Federal Reserve did everything they could do. They announced plans to spend $1.5 trillion to loan and purchase debt securities of every flavor from mortgage-back bonds to consumer loans and long term treasuries. The markets rallied on the news that send interest rates and the dollar lower.

Inflation & Contraction vs Growth and Stability?

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Secretary of Treasury Hank Paulson talks a strong dollar. He’ll even summit again shortly on June 14th in Osaka Japan at the G8 economic meeting to restate the Bush Administration & Treasury’s commitment to a strong dollar. He’ll pay lip service to potential US currency intervention on the dollar’s behalf, but the fact of the [...]

Will China to do What’s best for China?

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China’s economy is still white hot and is attracting huge amounts of foreign currency.  The Ministry of Commerce reported that foreign investors, expecting interest rate hikes to curtail inflation and cause appreciation of the Chinese Yuan, moved $18.13 in new investment capital

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