Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The ex-…

Schumer-Graham won't be brought to a vote until September.   China's central bank governor Zhou must  be persuasive.  Maybe he plotted out where the RMB will likely be if China continues with its cur…

The trade deficit (ex-oil) was thought to be on a downward trajectory.     But after today’s data, that argument may need to be reconsidered. I have been a bit more cautious than most in pre…

And exit an undervalued yuan; enter an undervalued yuan and a undervalued yen. Schumer and Graham are dropping their bill – apparently for good.   It was pretty clear that they were unwilling to …