Wednesday, February 8, 2017

On today's financial news

* Indians had a tough time on their own currency besides many financial problems they have to deal with. I saw many reports written by Indians comparing India and China, but few the other way round. Chinese want to compare their country to the US. In the last 5 years, Indians are catching up slowly and China is filling the gap with the US (but still a long way to go).

* We stop many acquisitions from China even for bankrupting companies. EU takes advantage of it. 3 T reserve can solve a lot of problems. China made several mistakes in acquisitions/investments of foreign companies.

* Trump is creating many jobs. Does globalization work or not? Inside the TV (or car) assembled in Mexico, there are many parts made in Asia.

We are the victim of our own success: A higher living standard means higher wages, more protection to our workers, regulations, environmental protection,,, that make us less competitive.

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