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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Bank Holding Company who wrote (108818)	6/21/2010 11:11:16 AM
From: RetiredNow	3 Recommendations Respond to of 110194

Buddy, I'll believe it when China has taken concrete action to float its currency, not based on their words. Right now, they are just trying to make sure the G20 meeting doesn't focus on their currency, thus the announcement.

To: Bank Holding Company who wrote (108818)	6/21/2010 3:20:10 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 110194

Buddy, i think mind is right - talk is cheap. however, i think it is obvious what will happen. goods imported from china will go up in price and further put downward pressure on our economy. it may help some niche US companies a lot, but that's a drop of water in the bucket. in order for serious repatriation of jobs back to america, i'd guess the RMB would have to quadruple or more... and i don't see that happening any time soon.