Good graph and sets the ballyhoo about the Yuan devaluation in perspective. China has avoided a devaluation despite having been pegged to the dollar which has been rising. Sadly the dollar will continue to rise as the US economy continues to flounder and the US has used up all its traditional mechanisms to prevent a oncoming business downturn.
Good graph and sets the ballyhoo about the Yuan devaluation in perspective. China has avoided a devaluation despite having been pegged to the dollar which has been rising. Sadly the dollar will continue to rise as the US economy continues to flounder and the US has used up all its traditional mechanisms to prevent a oncoming business downturn.