Placing bets on a country they think is a good investment, and more and more…effectively selling a country they think isn’t such a good investment. Really not a surprise when you consider all the debt we’re piling on, that investors are heading out.
If you blinked, you might have missed it.
But man, I still can’t believe it.
For a brief moment today, China’s currency traded at its highest level against the dollar. Ever.
At least ….the highest since the launch of the modern Chinese currency trading system that made the Yuan a currency to watch back in 1994.
Now a currency to fear in 2012.
Here’s why. China’s drawing investors.
We are not.
Anything China is big.
Anything us…is not.
Without getting into the intricacies of global trading, suffice it to say…we’ve been traded.
The world is increasingly cashing out of us, and cashing in on someone else.
China. Not all the time. But increasingly enough of the time that you have to wonder if it’s more than just a little different this time.
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