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To: GVTucker who wrote (181373)5/26/2005 12:05:00 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
GV,

The article I read was in the "C" section of WSJ, a small article.

I agree with you about the larger effect of floating the Yuan, but I think it is inevitable. When it happens it could/will bring the full weight of the twin deficits into play. And the subsequent recession will be nothing like the mild downturn we experienced a couple of years ago.

In my VERY humble opinion, it's not if it's when. You don't think we can recover from these imbalances with a "soft landing" do you?

John