I think the market has over reacted on the news. If you look at the Dollar:Yuan ratio for last two decade, the ratio was fixed at around 8.5 for a long time and then it started decline to near 6 over a decade with almost like a straight line. It was trying to settle slightly above 6 (around 6.1 to 6.3 range) for the last few years. Now it is climbing up slightly due to the recent economic slow down, but not as dramatic as how it came down over a decade (from 8.5 to 6). So I think it will work out eventually. However, my question would be: How can average Americans feel about some price increase over those cheap Chinese goods in WalMart? I think what we should do to counter that exchange rate increase is: Instead of complaining what they do, "Just print more currency to pay for all those goods that we import from China". Why not? As long as they respect our dollars, we can get what ever they produce with "the bills that we print out over thin air". The real q"
On Wed, Aug 12, 2015 at 10:29 PM, sarah_oz@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
China has lowered its currency three days in a row.
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Posted by: Paul <ur12bfriend@gmail.com>
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