The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (108824)	6/21/2010 10:32:04 PM
From: Hawkmoon	1 Recommendation Read Replies (1) of 110194

If so, this nickel and dime revaluation will quickly choke off whatever tiny profits Chinese exporters have, Yep.. and all of those worker strikes in demand of pay raise also reduces the competitive value of Chinese goods. So who's to say that this "flexibility" with the Yuan/USD peg suggest the Yuan will rise? It could mean the Chinese are entering the same currency war as we're currently seeing between the Euro and USD. China now will be able to assert their own devaluation policies to preserve their favorable export bias. Hawk

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