China Tells

谢国忠博客：目前市场上对大宗商品和股票资产的追捧很大程度上缘于对美元的看空力量。谢国忠对此持怀疑态度，他指出，美国家庭的储蓄率上升到5%，同时美国的贸易赤字缩小到顶峰时期的50%左右。这些基本面的改善暗示美元可能被过分看空。同时国忠指出，目前政府对于金融机构监管改革的努力都没有怎么见效，去杠杆化只是口上说说，除了被用作杀鸡儆猴的雷曼兄弟当上冤大头，其他金融机构仍旧享受高风险带来的巨大好处并且趁机在市场的波动中大捞一票。

Andy Xie reckons that USD is potentially undervalued due to investor’s expectation on inflation. As a consequence of weakness of USD, the commodity and property have been receiving robust buoyance. Given the fact that US family’s saving rate keeps increasing to over 5%, and US’ trade deficit has largely shrank to less than 50% of its peak level, it would be dangerous to continue to short USD at the moment. Also Andy Xie opinions that so far the government’s effort to ‘regulate’ and ‘deleverage’ Financial market has been a complete failure.