Wednesday, January 11, 2017

Financial news

* A lot of news from China:

The Chinese dollar should rise against the USD this year as it has fallen too much and I'm sure China will take action to prevent further plunge.

When I was in Xian years ago, the tourist guide told us KFC asked the city for more taxes and in return stopping MCD from coming in.

Most movie stars (used to be big one time) do not participate in blockbusters due to the black list in China, which is predicted to be #1 in global movie revenues soon. Money talks, like it or not.

* I sold most of my airline holdings except Alaska expecting oil prices will rebound. The biggest risk for global markets is Trump's 45% tariff (even 25%) besides strong USD and interest rate.

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