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| #1 | |||
| Obsessed Fan  Joined: Jul 2000
Posts: 5,547
| China Has Lost Faith in Stability of U.S. Dollar Not good news. Our ever-growing trade and budget deficits have the potential to really hurt our economy and the welfare of our citizens: http://www.canada.com/businesscentre...1-744ca7471667 __________________ When people get the opportunity to talk about the real issues, it becomes clear how vacuous the present agenda is. I have never met anyone in Vermont who thinks it's a good idea to give tax breaks to billionaires and cut back on health care and education. Nobody.-U.S. Representative Bernie Sanders | |||
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| #2 | |||
| Extreme Fan Joined: Feb 2001
Posts: 2,010
| Quote:
And it could be good news for our trade deficit. If China moves to a free floating exchange rate (if that's where tying the yuan to a basket of currencies leads), it will probably lead to better trade opportunities for American manufacturers. Of course it also means that the Chinese will start to reduce their dollar assets, but the faster that happens, the more it will hurt exports from foreign markets into the US. And that won't be good for foreign manufacturers. So I guess we'll see what happens. __________________ quaeque ipse miserrima vidi et quorum pars magna fui (All these terrible things I saw, a great part of which I was) - Virgil, The Aeneid | |||
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