Use access key #2 to skip to page content.

starbucks4ever (89.76)

dollar vs. yuan



November 16, 2009 – Comments (4)

Seekingalpha has an article on US-China trade that actually makes some sense. I don't think a stronger yuan could change the trade deficit, but at least the author has a sensible approach where the ultimate fate of surpluses is to be exchanged for the goods or investments that you may need. Next to the boneheads who claim that the purpose of selling goods abroad is to accumulate paper that you don't need and have Bernanke devalue this paper so that you can give yourself an excuse to rinse and repeat, this author almost begins to look intelligent. 

4 Comments – Post Your Own

#1) On November 16, 2009 at 11:53 PM, portefeuille5 (99.58) wrote:

Have a look at this video starting at 4:04/09:10 for one aspect of the CNYUSD exchange rate.



It looks like the party Hendry mentions can finally continue for Chinese investors ...


Report this comment
#2) On November 16, 2009 at 11:56 PM, portefeuille5 (99.58) wrote:

more Hendry footage here.

Report this comment
#3) On November 17, 2009 at 12:07 AM, portefeuille (98.87) wrote:

latest letter by Hendry.


Report this comment
#4) On November 17, 2009 at 12:25 AM, portefeuille (98.87) wrote:

That Letter by the way is on the USD and the CNY among other things ...

Report this comment

Featured Broker Partners