WSJ page 1 Headline: Inflation bite worsens around world: China,Vietnam show fresh stress. I sent my previous blogs. Bond investors bet FED may raise US rates. My comment: Not necessarily due to recession.
Page A4: Oil prices swell trade deficit.
Page C7: US Dollar weakness has been the major support for GOLD. GOLD is dollar-denominated so when the dollar rise, it makes it more expensive for foreign buyers to purchase the yellow precious metal. Gold is seen as an alternative currency and tends to move inversely with the US Dollar. I have had such thoughts for years.
New York Times page C1: Paulson's path to China: Progress but miles to go. Topics: Energy and Environment for areas of discussions.
Treasury Secretary Paulson will be leading a delegation of cabinet members to meet with Chinese counterparts in Annapolis, Maryland next week for strategtic economic dialogue.
Francis Shieh a.k.a. Xie Shihao with such vision decades ago when doing research at the Department of Economics at the RAND Corporation with Richard Moorsteen who published "Remaking China Policy" Harvard University Press in 1971. I published "A Glimpse of the Chinese Language" in 1965 www.rand.org and www.Amazon.com online book catalog. I hinted that China to be open to the world. Such scenario is now in evidence. June 11, 2008 at 9.16 p.m.
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