Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (44459)	1/13/2006 4:28:35 PM
From: Tommaso	Read Replies (2) of 116555

>>> How is it possible for the US to devalue against China when China pegs to the US$? <<< Not possible as far as I can tell. Could the U. S. redenominate all the treasury bonds owned by China in Chinese currency at double the current exchange rate? Would that give China enormous purchasing power in terms of other currencies if the exchange rate between Chinese currency and those others did not change drastically? I do not know.

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