I have been trying to get a daily reading list together so I can more closely follow economic developments in China. I was trying to stay as far away from western viewpoints of China as possible. Reading western news sources is like reading about science in newsweek vs reading china business based and focuses news sources -- which is more like reading the actual technical journal articles.
-Not bad with a lot of original information! for example: Quote:
"Tax treaty benefits In this article, we shall analyze the process of adopting a Mauritius company as a holding vehicle. The China-Mauritius tax treaty offers some tax benefits in structuring a tax efficient holding structu…
The ICO craze is in full swing. Etherium goes from 30 cents to > $300. The Ten-X ICO and others raise millions in no time. The secondary market for it shoots up massively.
The two questions I ask in every bubble are:
Where is the money coming from? How can I monitor that source of money to know when the money is going to stop coming?
My best guess for where the money is coming from in the ICO bubble is China. China is the home of all the big Bitcoin mines and has a cottage industry of schemes to exfiltrate money out of China and into anywhere else.
The "money" is also coming out of Bitcoin to some extent and into other crypto currencies due to high transaction fees.
What Countries are using crypto currency?
If we look at bitcoin search trends for Bitcoin :
We see the U.S is at number 10.
And Ethereum, the smart contract cryptocurrency powering the newly hatched ICO world:
We see that the U.S is way down the list at number 18.
Google underreports China of c…
NEW YORK (Dow Jones)--The Federal Reserve Bank of New York declined to comment on Japan's intervention in currency markets that has pushed the dollar sharply higher against the yen.
So why are we perfectly happy, or at least neutral, with Japan, the #3 economy, weakening the Yen and are furious at China, the #2 economy, decreasing the value of the Yuan.
This is a good question for any would be political economist to ponder. The treasury is certainly in charge of the political aspects of the dollar's relationship to other currencies. The Fed's political objectives are somewhat murky but assumed to be largely the same as the treasury's.