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  • December 23, 2015

The International Monetary Fund has included the Chinese renminbi in the Special Drawing Right, with a weighting that’s the third largest after the dollar and the euro, but ahead of the yen and sterling. A PriceWaterhouseCoopers projection, which is quite conservative about future growth rates, puts China’s 2050 GDP at… Read More

A couple of weeks ago Fed Chairperson Janet Yellen said she was “looking forward” to the prospect of raising interest rates this month, since that would indicate of an improving economy. I’d like to believe she was sincere in that sentiment, but I can’t help but wonder if she was… Read More

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