They (China) ship a lot of goods to Wal-Mart. Wal-Mart pays for these goods in dollars and manufacturers in China trade these for China's local currency and eventually the dollars work their way into China's central bank.
More Quotes from Chris Low:
There's a sense of urgency in construction. If builders have approval for a project, they're going to try to move ahead as quickly as possible.Chris Low
Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.
Chris Low
The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
It does look like the economy is losing steam. After two years of Fed tightening, it's simply gotten more expensive to finance whatever it is you're trying to finance.
Chris Low
If they diversify from the U.S. dollar denominated assets, it would lower the value of the U.S. dollar relative to China's currency, the yuan, and make it more expensive for American companies to buy goods made in China.
Chris Low
The trade deficit widened to a record in September, as expected. But it wasn't the oil story we were all looking for. Instead, it boils down to Boeing and Airbus, with the European firm holding the cards this time around.
Chris Low
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American stuntmen are smart - they think about safety. When they do a jump in a car, they calculate everything: the speed, the distance... But in Hong Kong, we don't know how to count. Everything we do is a guess. If you've got the guts, you do it. All of my stuntmen have gotten hurt.Jackie Chan
I can sing as well as Fred Astaire can act.
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A few men own from ten thousand to two hundred thousand acres each. The poor Laborer can find no resting place, save on the barren mountain, or in the trackless desert.
Denis Kearney