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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (17480)	12/2/2004 7:47:48 PM
From: RealMuLan	Respond to of 116555

The Dollar's Double Whammy Robyn Meredith, 12.02.04, 7:30 AM ET BEIJING - When a Chinese leader rapped American economic policies, heads nodded in approval in capitals around the world. The United States should be like China in the late 1990s, and act responsibly for the good of its neighbors, lectured Chinese Prime Minister Wen Jiabao at a meeting in Laos. China avoided destabilizing world markets back then by holding its currency steady, even as most of its neighbors devalued in the face of the Asian Financial Crisis. This helped exports from hard-hit countries like Thailand and Korea compete, and helped those nations put their economic troubles behind them. Since when does the world prefer Communist China's view of economic policy over that of America? Since the dollar began its free fall this autumn. ... forbes.com