China is conducting a two-stage plan against the dollar in an attempt to deprive the U.S. currency's status as world reserve currency, says investment manager Russ Winter.
According to the analysis of the blog ZeroHedge, China does not like the hegemony of the dollar as reserve currency: the Bank of China already in 2009 claimed that the domain of a currency in the world carries a high risk of crisis contagion.
Semana del 21 al 26 de julio, una semana en que los índices han estado raboteando de arriba y abajo de los máximos alcanzados recientemente, pero que en realmente no han habido grandes cosas, eso sí, el foco puesto en los resultados empresariales, en una mayoría el 66% de los reportados ya supera la expectativas, pero eso sí, las expectativas no eran tan altas. También, una semana en la que el Presidente Obama hasta hablando sobre el tema económico. Y una semana, en la que también China, sobre todo ha vuelto tener el foco, por razones por esa desaceleración que está llevando a cabo, al parecer de una forma planificada, pero vamos rápidamente mejor a ver todos los detalles con nuestro invitado, José González, Director de ECG Asset Management.
While Western experts predict that China is on the verge of an economic collapse, for Russian economists the Asian country could be taking advantage of this time of economic stagnation to solve the problems that have accumulated.
The indictment follows a multi-year investigation, which concluded that the firm engaged in "pervasive" and "substantial" insider trading, led to the arrest of several employees, and forced the investment firm to pay more than $600 million in a civil settlement. Interestingly, the indictment does not include SAC's prominent founder and chief, Steven Cohen. But, if SAC was truly committed to insider trading, is it plausible that Cohen did not know about it?