Dubai World launches Web site in Chinese

Dubai World launches Web site in Chinese

April 8, 2008 0 Comments

Interesting article in today’s Khaleej Times, Dubai World launches Web site in Chinese. Investors from China and Gulf countries are getting acquainted because there is a real resource complementarity between the regions. And because both have been repelled by the U.S. authorities in recent attempts to invest their vast stocks of dollars. I think the U.S. has triggered the dollar selloff not by increasing the supply of dollars (the monetary base and bank reserves have each grown less than 2% in the last year), but by eroding the demand for dollar assets by showing investors that they will not be allowed to use the dollars to buy assets.

JR

John Rutledge

0 Comments

  1. tom

    April 8, 2008

    Is it possible that the action of the Bernanke Fed reduces the demand for US dollar?


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