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  • Consensus: Outlook Is Bleak Save Commodities, Asian Emerging Markets [View article]
    If it means the survival of their currencies? Of course they will, China is maintaining its close dollar correlation. This means their currency has jumped 20% against everyone else except the Yen, doesn't help exports. The Yen has appreciated about 25%, that means that the value of their currency reserve has dropped a similar amount.

    The Euro has been reamed as well, purchasing power has dropped dramatically, inflation is on the rise even as prices drop for us and they enter a recession.

    Will they follow through? I don't know. They must be pretty preturbed though.
    Nov 06 03:53 am |Rating: 0 0
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