In a decision with potentially large ramifications, New York Federal Judge LaShann DeArcy Hall won't dismiss a libel suit against "Shitty Media Men" creator Moira Donegan.
Explaining, the judge says it is possible that Donegan created the entry herself. The judge believes that Elliott should be able to explore whether the entry was fabricated. Accordingly, discovery proceeds, which will now put pressure on Google to respond to broad subpoena demands. The next motion stage could feature a high-stakes one about the reaches of CDA 230.
Yuan Denominated Assets
We sell to China a lot more than they buy from us (the US for our foreign readers). They finance a lot of our debt. Hence they hold a lot of US dollars.
They are, therefore, rationally concerned about how much money we are printing to deal with our economic problems. And we in turn are also rationally concerned about how they artificially peg the value of the yuan against the dollar at a low rate so they can continue to sell us so many goods.
Just about every expert agrees if the yuan were allowed to float more freely against the dollar in a traditional market, supply and demand sense, it would appreciate. Indeed, appreciate greatly.
Whether it will occur that way or in a more managed, regulated sense, the writing on the wall seems clear: The yuan is going to appreciate against the dollar.
If that’s so, then how is it not close to a sure thing (given there is no sure thing) for American investors to invest in yuan denominated assets like this one. Your investment will appreciate once the yuan does along with it.
For folks who know more about finance than I do, 1) where am I going wrong, and 2) what other yuan denominated assets exist for middle class folks to invest in?