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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bond_bubble who wrote (48249)12/27/2005 6:25:15 PM
From: GST  Read Replies (1) of 110194
 
Hi Bond Bubble. The Chinese have a good thing going and the yuan is emerging as a credible long-term world currency. The Chinese middle class will grow over the next decade to outnumber the US middle class and in time China will rise to a place of prominence in all economic aspects. The yaun will not rise too soon -- this would be a problem. But as Chinese amass wealth and as we squander ours, the rise of the yuan will no longer be of central importance -- in other words over coming years the Chinese can afford to capture the full value of the wealth they are creating for themselves.
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