[Brilliant]

If you demand a revaluation of the yuan, and it turns out to be a mistake, then don't complain.

[Investment Biker]

Two comments. First, if a foreign country prices their goods such that the products are essentially free then how is the country that imports the goods at a cheap price harmed?

Second, it may be that a free floating yuan will actually make china products cheaper. This is due to the fact that there is a lot of currency that is "locked up" in China. Once freely traded, industrialist will feel the need to diversify and trade out of the formerly restricted currency.

[cmsgop]

Yuan Epstein..

[oceanview]

it won't be a mistake.

to claim you are for the peg, is the same as saying the peg should be even lower. if the peg is good for the US at its current level, then it would be better if china depreciated its currency even further, right? I mean, if the peg is good, then a lower one would be better. that pair of Dockers coming into the US at $4.75, why can't it come in at $3?

the problem with people who see the peg as the ticket to cheaper US consumer goods - don't see the flipside (like I do at work) - the creation of an aritificially low cost zone with an essentially infinite labor supply, into which US industry is investing, unbolting plant and equipment from factories in the US ans sending it over to China along with those jobs.

we have essentially made China an "enterprise zone" for US industry.

[ConservativeMan55]

bttt

[Soothing]

Agree.