k9s-4-k8

Looming Currency Devaluations

Who said anything about the US Sec Trea devaluing the Yuan? Its pegged to the dollar by the Chinese. I think everyone else knows the US can only jawbone it with the Chinese as many in Congress already have, and Geithner did during his confirmation hearing. Another thing countries can do as according to International trade rules is label another country a currency manipulator, but you won't see that happen. In fact, you aren't going to hear the administration speak again about China needing to revalue the Yuan.


On Feb 27 12:14 PM boats.j wrote:

> The Author wrote:
>
> "...China’s trade balance turns negative, the US Treasury Secretary
> will be faced with a stark choice. Either the Yuan depreciates or
> the People’s Bank of China must sell US Treasury holdings to support
> the currency."
>
> How does the US Sec Treas devalue the Yuan? He doesn't! He Can't!
> So, what smoke are you blowing here?