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To: Mo1
"In English .. what does that mean to us?"

The Chinese Yuan is deliberately (market-manipulated) undervalued versus the Dollar. That makes Chinese products unnaturally cheap.

The revalution of the Yuan, if the **rumor** is correct, would instantly make Chinese products more expensive...helping to cut our Current Account trade deficit, aiding our steel (well, heck, aiding all of our) exporters, etc.

The stock market would love it. U.S. employers would love it. U.S. workers would love it.

U.S. bond traders would sit up and take notice (or else take it on the chin), certainly.

40 posted on 04/18/2006 2:57:40 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack

On the other hand, if the yuan float is just cosmetic (like what they announced last year) or doesn't happen, then the market gives back the gains.


49 posted on 04/18/2006 3:00:22 PM PDT by durasell (!)
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To: Southack
The stock market would love it. U.S. employers would love it. U.S. workers would love it.

But US consumers would hate it.

64 posted on 04/18/2006 3:09:56 PM PDT by Dog Gone
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To: Southack; Daus

Thank you for explaining


90 posted on 04/18/2006 3:26:37 PM PDT by Mo1 ("Stupidity is also a gift from God, but it should not be abused." Pope John Paul II)
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