I am honored to be asked to be a contributor to a new electronic newspaper hosted in the UK and partnered with the the London College of Communication, University of the Arts London and other academic institutions. My first piece appears here: http://thebricspost.com/us-china-relations-where-to-from-here/#.UQJ54Ia3unh
The FT reported that China’s central bank has argued for loosening its capital controls in a landmark report: http://www.ft.com/intl/cms/s/0/bd948148-5dfd-11e1-8c87-00144feabdc0.html#axzz1nDRQgZ00
Such a move if it were to happen would be a giant boon to the U.S. financial sector for the following reasons:
-It could create the potential for a whole new set of derivative products.
-It would provide more investment opportunities and banking opportunities to financial firms.
-It could increase commissions exponentially by the tsunami of transaction volume. Continue reading