“I don’t think the renminbi is undervalued,” Wen said yesterday at a press conference in Beijing marking the end of China’s annual parliamentary meetings, using another term for the yuan. “We oppose countries pointing fingers at each other and even forcing a country to appreciate its currency.”
It’s time that we stop the the BS here with regard to China.
The entire premise of so-called "Free Trade" with the Chinese was predicated on the belief that if we opened our borders to their products on a "no tariff" basis that we would, over time, change their political system. That is, we would import cheap Chinese plastic junk and export democracy. More or less.
Well, we got all the cheap DVD players but they didn’t get any democracy. Quite to the contrary. There have been no meaningful improvements in areas of environmental protection, workers rights and wages or political freedom. Indeed, the recent dust-up with Google just underlines the reality in China:Their government is a band of murderous brigands and thugs.
Disagree with them inside their nation, refuse to censor The Internet, for example, so that people can’t read about Falun Gong and China will be happy to arrest the executives of your firm inside the nation and provide this as "corrective influence" to your head:
Oh, they send the 50 cent bill for it to your family too. Isn’t that special?
At least in this country they don’t shoot people for talking about the evil-doing that both private parties and government…
The hacker known as "Guccifer 2.0" recently uploaded new material to his website which he claims to have received courtesy of Nancy Pelosi's PC. The new release includes several internal memos from DCCC staff as well as talking points on various topics.
Among the most interesting of the new disclosures is a memo from Troy Perry with talking points on how candidates and campaign staff should address various topics related to the Black Lives Matter movement. ...
“We look for a horse with one chance in two of winning which pays you three to one” – Charlie Munger
Michael Mauboussin, one of the sharpest thinkers in finance once said, “Crist on Value is one of the best 13 pages on investing I have ever read.” I couldn’t agree more, it’s fantastic. The essay is all about how bettors think and behave at the race track. The parallels between horses and securities are so similar that you could replace horse with a stock and it would read just the same. The essay is ...
The S&P 500 closed August with a monthly loss of 0.12% after a gain of 3.56% last month, its first monthly loss since February. All three S&P 500 MAs are signaling "invested" and all five Ivy Portfolio ETF MAs are signaling "invested".. In the table, monthly closes that are within 2% of a signal are highlighted in yellow.
The Ivy Portfolio
The above table shows the current 10-month simple moving average (SMA) signal for each of the five ETFs featured in The Ivy Portfolio. We've also included a table of 12-month SMAs for the same ETFs for this popular alternative strategy.
By Rupert Hargreaves. Originally published at ValueWalk.
Henry Singleton is one of the greatest investors and businessmen who ever lived. Over his career, he grew a small military contractor into one of America’s largest corporations achieving a staggering return for shareholders along the way.
Teledyne was born in the early 60s by the acquisition of a single company. Henry Singleton then used what he called ‘Chinese paper’, or, in other words, Teledyne’s own stock to buy up around 125 (or 145 or 130 there are several different estimates) other companies. By the mid-70s, these bolt-on acquisitions had driven Teledyne’s revenue to $1.7 billion.
The first debate of the U.S. presidential campaign. A Group of 20 (G20) central bank interest rate announcement nearly every other trading day. And a key meeting among commodity nations around the world.
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Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer. One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."
Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.
Genetic components are the DNA sequences that are 'inherited.' Some of these genes are stronger than others in their expression (e.g., eye color). Yet, some genes turn on or off due to external factors (environmental), and it is und...
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at firstname.lastname@example.org with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
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