The cover story on the DrudgeReport and the business section of the Beijing Times are exactly the same on March 20. Chinese prices have risen steadily thanks to the rolling off of price controls. I believe Drudge found one of the most expensive gas stations in America, but the price of the V-Power, which I believe is 93 octane, comes to about ¥7.85, less than the ¥8.33 in Beijing.
Counting on Correlation
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FEEDOne of my more painful members as a trader was from many years ago, in
which I had been aggressively bearish against the Chinese market. I forget
the p...
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