Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Now USDx will stay between 776 and 7825 until G20.
PBOC was monetary step but what is required is appreciation of the yuan. Thus neither a currency war nor a trade war is off the table. PBOC move is too small to tackle the problem
of imported inflation . Now all the big mistakes of China ( and later Russian) oligarchs none of which has the slightest idea how to run an enterprise in a self-sustained fashion will start to weigh on China. Most if not all of these work with very thin margins thus rely on lowest wages.
Such an economy has no future.
half morrocan
https://www.mcssl.com/content/166063/CC/101810_CC_final.pdf