Tuesday, April 10, 2007

us on the warpath against chinese piracy

apr 10th, 2007

looks like the protectionist sentiments of the democrats are encouraging republican mercantilists as well. this has implications for the dollar. it may mean a fall in the value of the currency, as the chinese retaliate by moving out of Tbills to some extent.

however, one thing the chinese are doing is sensible: they want to follow the lead of singapore's temasek, a state-owned venture capital fund, which is going great guns. they want to take some of their $1 trillion in dollar reserves and put it into VC.


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