What do Chinese want to buy today? Yes, they still need oil and natural resources, but to my mind, what's more popular (besides real estate, which should also appreciate) is gold.With that in mind, here are the charts of renminbi versus oil, updated through the end of October, and a new chart with gold. I lined up the axis to make the trends clearer, but the only thing to look for is similar patterns; these charts say nothing with regards to relative changes.
Real Estate Newsletter Articles this Week: New Home Sales Increase to
693,000 Annual Rate in March
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At the Calculated Risk Real Estate Newsletter this week:
• New Home Sales Increase to 693,000 Annual Rate in March
• Lawler: Observations on the Recent Sur...
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