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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: Lazarus_Long who wrote (32296)4/5/2008 9:44:26 AM
From: Ilaine  Read Replies (2) of 217764
 
The Chinese yuan has climbed 16 percent against the dollar since the authorities abandoned a fixed-exchange rate in July 2005. The yuan, which rose to a record high of 7.0110 per dollar on March 28, may advance to 6.5 in six months, Chertkow said.

We are hearing that Chinese workers are demanding higher wages and better working conditions, too.

We are also hearing that Chinese citizens are fed up with industrial pollution.

All of which will make Chinese goods more expensive. Which is not a bad thing.

Working like slaves and dumping pollution are not good long term economic strategies.
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