Thursday, September 15, 2016

On today's news

* Every country lowers the interest rate and depreciates her currency. The news is when it is raised. The impact to the market is huge esp. from the US.

* World Bank, IMF...are controlled by the US. China's new international bank is for infrastructure projects financed mostly by China and Chinese construction companies. In 10 years or so, it could use Chinese currency instead of USD.

* Burma is a poor country. The new US policy will be beneficial to China exporting infrastructures, factories...

* All trade agreements are used to exclude some countries. However, when the members do need goods from other countries, the mutual benefits for the members are gone. Examples: Russia oil for EU, oil and sea food from Norway for EU.

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