Thanks...but I think this is worse than you make out. It probably won't have a significant impact on the retail level, but it may impact China's purchase of U.S. Treasuries, etc. I'd note that they are our third largest creditor. In essence, they're loaning us money to buy their stuff, the profits of which are cycled back to loan us more money. I believe the currency revaluation will mark the beginning of the end of this cycle.
See post #65. They still have massive cash inflows to invest. Now it's up to us to reduce our budget deficits. (For a start, how about eliminating pork barrel projects in Sen. Byrd's home state?)