However, notice the many "No"s. This is not going to happen overnight.. The problem is once this is set in motion.... it's never going back to USD. Ever.
Chinese ALWAYS make statements before important meetings with Americans on these currency issues. They don't do it for face, they do it as a negotiating strategy. I am pretty sure that US politicians are used to it already. They make an eyebrow raising statement a few days before the meeting setting the stage. Then, usually, at the meeting itself, they strike an entirely different tone, leaving the other side unprepared. If Americans fall for this again, well....
While Financials Drag Markets Down, Five Ways to Stay in Play [View article]
Yo, MarvinMBA, it's CAPITAL not CAPITOL.
Though, I would agree with you if you think about it in another way: the thing about it now is not the return on the CAPITOL (as in Democrats returning to the Capitol), but the return of CAPITOL, as in, we need to take it back.
Three Reasons for a Chinese Revaluation Now [View article]
However, notice the many "No"s. This is not going to happen overnight.. The problem is once this is set in motion.... it's never going back to USD. Ever.
Chinese ALWAYS make statements before important meetings with Americans on these currency issues. They don't do it for face, they do it as a negotiating strategy. I am pretty sure that US politicians are used to it already. They make an eyebrow raising statement a few days before the meeting setting the stage. Then, usually, at the meeting itself, they strike an entirely different tone, leaving the other side unprepared. If Americans fall for this again, well....
While Financials Drag Markets Down, Five Ways to Stay in Play [View article]
Though, I would agree with you if you think about it in another way: the thing about it now is not the return on the CAPITOL (as in Democrats returning to the Capitol), but the return of CAPITOL, as in, we need to take it back.
The Year of the Ox Arrives in China, Land of 'Currency Manipulation' [View article]