Economic News & Markets

It's a brave new world - GaveKal Forecast a Hot 2007

by Tom Sawford

A week, so it is said, is a long time in politics. The same could easily be said for economic news and the messages we have been receiving from prominent investors.

Jim Rogers told us at our successful Investor Forum to sell bonds and the US dollar, and to buy commodities whilst learning to speak Mandarin on the way! The Q4 update from GaveKal Research, delivered in the splendid surroundings of the Merchant Tailors’ Hall in the City was rather different. Although they would all probably all agree on the need to learn Mandarin. ...more

THE CHINA TRIGGER - The Day of Reckoning for Dollar is Fast Approaching

by Michael Hampton

An imaginary official, Mr. Dai Mingdao ("major leader" in Mandarin)
is a paramount leader of today's China. Will Mr. Dai shrink from making an Important Decision, which will have a huge impact upon his country and the entire global financial system?

Sometimes putting oneself in the other man's (or other woman's) place can give great insight into the decisions that others are facing. In this imaginary exercise, try to put yourself in the position of one of nine members of China's powerful Standing Committee of the Politburo. These nine leaders meet regularly to discuss the policies that will govern China. As this internal dialogue starts, Mr. Dai is leaving the Beijing airport on his way to one of those Committee meetings. He believes that an important decision will be need to be made at the meeting, and the issues surrounding that decision are already swirling around in his brain... more

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