Hello BubbaFred, <<Does RMB's peg to U$D provides support and stability to U$D?>>
... I think it can be argued that way.
<<... but how long can it stay that way?>>
... forever, according to the thinking in the US not so very long ago, encouraging other countries to not only peg to the USD but to in fact simply dollarize ;0)
<<Until it is at such disadvantage for one of them, but what factors will determine the symbiotic relationship could be disastrous?>>
... unemployment, inflation, real economic growth, etc
<<I don't see such disparity for another 5 years, at least>>
... ooooh, that stings, via equalization of cost, revenue, profit, wealth ... ouch ... but that is also the consequence of a globe straddling empire.
Chugs, Jay |
