PIMCO's Bill Gross sees 2005 Chinese currency revaluation

by: Ezra Marbach

In the latest edition of the Investment Outlook, Bill Gross states that it is only a matter of time before the Chinese revalue the yuan.

He cites three scenarios that could lead to that decision in 2005:

  • Inflation accelerates;
  • Banking system stabilizes; and / or
  • US tariff pressures increase.