Monday, September 7, 2009
China and her dollar holdings.
China has issued what amounts to the â€œBeijing Putâ€ on gold. You can make a lot of money, but you really canâ€™t lose. I happened to see quite a bit of Cheng Siwei at the Ambrosetti Workshop, a gathering of politicians and global strategists at Lake Como, including a dinner at Villa dâ€™Este last night at which he listened very attentively as a number of American guests tore President Obamaâ€™s economic and health policy to shreds.