#3 - Why is everyone so obsessed with the BRICS currency? Guest: Jacob L. Shapiro
Macro Mondays
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The TLT ETF: A Long View on US Duration
It's been an interesting week, especially in US macro, with strong numbers out of the service sector. But if we get at least a slight softening short term here, Miggly, it could be a good idea to look into taking profit here. I think what the Chinese are battling with is absolutely as Jacob pointed out that they cannot drive their own production sector by their own consumption. Their middle class is growing, but it's still not big enough. And they can't do it all on their own. So they need the inflow of dollars.
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