According to two Paul supporters, the Texas Republican isn’t ready to go directly back to the gold standard. Instead, he wants to keep the dollar and add three more currencies. Those would be based on gold, silver and copper.
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It’s the season for reviewing the year that’s ending and making predictions for the one ahead. On Tuesday, venture capitalist and DailyFinance columnist Peter Cohan was part of a TV panel that was asked: Who was the person of t…
China’s decision to hike interest rates to contain inflation is a missed opportunity to move the country toward a more domestic-oriented economy. A higher yuan would slow exports, but it would be a bigger overall benefit to Chi…
While the U.S. struggled with near-10% unemployment, China grew at that same pace over the past year. But the country faces massive internal problems that leave it in a far more difficult situation than the praise constantly he…
China’s 25 basis point hike in the one-year base lending rate sent banks spiraling and crippled real estate shares. The Shanghai Composite Index sank 1.9%, but in Japan the Nikkei 225 Index rose 0.8%. The Hong Kong Stock Exchan…