Daily Markets - China’s Trade Surplus Weakens The Argument That China Cannot Cope With Yuan Appreciation

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• China’s Trade Surplus Weakens The Argument That China Cannot Cope With Yuan Appreciation
• Is The Aussie Dollar Due For A Retracement?
• $170,000 Student Loan Debt Ends Engagement
• An Altogether Different Picture
• The Real Health Care Problem: Spending Other People’s Money; From 50% To 90% In 60 Years

China’s Trade Surplus Weakens The Argument That China Cannot Cope With Yuan Appreciation Posted: 12 Sep 2010 01:01 AM PDT China in August posted its third straight trade surplus of more than $20 billion, putting friction with the United States over the nation’s currency back in the spotlight. Exports rose 34.4% in August and imports climbed a greater-than-expected 35.2%, leaving the country with a $20.03 billion surplus, a customs bureau report showed Friday. But a sustained trade gap with the United States could embolden American lawmakers who are pushing to penalize China for what they consider … [visit site to read more]

Is The Aussie Dollar Due For A Retracement? Posted: 11 Sep 2010 10:01 PM PDT Happy weekend FX people! On today's FX feature is an update of the AUDUSD pair which I posted last September 5. As you can see, the pair has continued to rise within an ascending channel. And as I've suggested, the pair indeed rose to mark its fifth wave (wave 5). If the Elliot Wave Principle holds true and if my wave counting is correct then as the theory suggests, the pair should be due for a retracement. Remember that the EWP predicts a correction in the prices after the … [visit site to read more]

$170,000 Student Loan Debt Ends Engagement Posted: 11 Sep 2010 07:22 PM PDT From the NY Times: “Nobody likes unpleasant surprises, but when Allison Brooke Eastman's fiancé found out four months ago just how high her student loan debt was, he had a particularly strong reaction: he broke off the engagement within three days. Ms. Eastman said she had told him early on in their relationship that she had over $100,000 of debt. But, she said, even she didn't know what the true balance was; like a car buyer who focuses on only the monthly payment, she wrote 12 checks a … [visit site to read more]

An Altogether Different Picture Posted: 11 Sep 2010 06:49 PM PDT In yesterday’s post, “Maybe Not,” I noted the criticisms of one Financial Armageddon visitor who essentially argued that my negative outlook is disingenuous because it’s clear that “the economy is improving.” I’m not sure what the rest of you believe, but from where I sit the following collection of recent reports paints an altogether different picture of where things stand: “Number of Families in Shelters Rises” (New York Times) PROVIDENCE, R.I. — For a few hours at the mall here this … [visit site to read more]

The Real Health Care Problem: Spending Other People’s Money; From 50% To 90% In 60 Years Posted: 11 Sep 2010 06:24 PM PDT The graph above (Census data here) highlights the #1 reason why medical costs have risen, and will continue to rise: Out-of-pocket payments for medical costs have been falling for the last fifty years, and are projected to continue to decline, and will  fall below 10% by 2017.  By way of comparison, out-of-pocket payments accounted for almost half (46.78%) of total medical costs in 1960.  When we’re spending less than 10 percent of our own money on health care … [visit site to read more]

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