Voters: Get Your Heads Straight on Money ASAP … Please!

by Art Patten, Symmetry Capital Management From Bloomberg: A Bloomberg National Poll, conducted June 17-20, found voters choosing jobs over the deficit or federal spending as their top concern by 42 percent to 30 percent. Yet 74 percent of Americans support an amendment to balance the federal budget, according to a CNN poll conducted July …

China, Gold, and the Fiat Currencies

Conventional wisdom says the continuing Chinese trade surplus should cause the Renminbi (aka RMB, Yuan, or CNY) to rise or float to a higher level.  This logic would appear to be true if you sold the dollars and bought RMB.  Foreign exchange follows the laws of supply and demand – the more dollars you flood …