All Posts Tagged With: "Foreign Exchange Reserves"
How to Turn Sovereign Wealth Into Personal Wealth
We all know the U.S. government is in debt up to its eyeballs. Moody’s is already threatening to downgrade the country’s debt rating due to unfunded liabilities for Medicare and Social Security.
China’s Foreign Currency Reserves Spawn Major Inflationary Fears
China’s foreign currency reserves soared to a world-leading $1.68 trillion at the end of March, and that has the government scrambling for ways to keep the torrents of incoming money from stoking an inflation rate that’s already at its highest in more than a decade.
If Only Chinese Money Was Our Biggest Problem
Should Chinese money be bailing out U.S. companies? That’s one of the topics of the widely respected news show “60 Minutes” airing tonight (Sunday). Unfortunately, I’ll be out celebrating my sister-in-law’s 47th birthday tonight, so I’m going to miss it.
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