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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (66955)10/8/2010 2:17:30 AM
From: Hawkmoon1 Recommendation  Read Replies (1) | Respond to of 218019
 
there is no sense of crisis and in truth no crisis on this side of the pond

Ah yes.. the beauty of blissful ignorance/arrogance.

But apparently your Prime Minister doesn't agree. He had this rather melodramatic statement on Europe's push for Bejing to let the Yuan appreciate:

If the yuan isn’t stable, it will bring disaster to China and the world. If we increase the yuan by 20-40 percent as some people are calling for, many of our factories will shut down and society will be in turmoil.”

bloomberg.com

But if Chinese continues to peg to a declining USD, I guess that means that the Yuan is as much of a fraud as the dollar, right?

Hawk