200702.28
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A Yen for a Correction

Why did the stock market sell off over 400 points yesterday? The standard explanation was the sharp correction of Chinese stocks which was caused (allegedly) by fears that the Chinese government would take measures to reduce speculation by locals on their exchange. Why would selling on the local Chinese market cause a worldwide selloff in…

200702.09
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They’ve Got Us by the…Assets

Recently a good friend voiced a slightly altered version of the above phrase during a discussion of the Chinese government preference for US dollars. No she didn’t use the plural form of a word defined by Webster’s as “a round object that is hit or thrown or kicked in games”. She’s not that kind of…