The Game is Afoot II
I had posted these comments on other blogs within the last three days...
"It is in their best interests and ours to keep the peg. As the dollar rises along with interest rates, China will implement a narrow banded sliding peg, probably later this year. Alfred E. Greenspun is only reading the script which has been handed to him.
If the RMB unpegged it would increase in value 4.5% immediately, and that would be a bigger catastrophe for China than the impending hard landing."
"It is in their best interests and ours to keep the peg. As the dollar rises along with interest rates, China will implement a narrow banded sliding peg, probably later this year. Alfred E. Greenspun is only reading the script which has been handed to him.
If the RMB unpegged it would increase in value 4.5% immediately, and that would be a bigger catastrophe for China than the impending hard landing."
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