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starbucks4ever (97.89)

dollar vs. yuan

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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.

 http://seekingalpha.com/article/173472-dollar-vs-yuan-exchange-rates-aren-t-the-problem-or-the-solution?source=hp_wc 

4 Comments – Post Your Own

#1) On November 16, 2009 at 11:53 PM, portefeuille5 (99.69) wrote:

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

 



enlarge

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

 

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#2) On November 16, 2009 at 11:56 PM, portefeuille5 (99.69) wrote:

more Hendry footage here.

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#3) On November 17, 2009 at 12:07 AM, portefeuille (99.66) wrote:

latest letter by Hendry.

http://www.scribd.com/doc/22606253/Hugh-Hendry-Eclectica-Nov09?autodown=pdf

done.

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#4) On November 17, 2009 at 12:25 AM, portefeuille (99.66) wrote:

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

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