Saturday, November 14, 2009

Is China Calling the Shots on the U.S. Dollar?

I'd say yes

Such conditions "are seriously impacting global asset prices and encouraging speculation in stock and property markets," he said.

The declining US dollar poses risks to the global economic recovery, especially for emerging economies, he said.

He being China's chief banking regulator, Liu Mingkang....

If the U.S. raises interest rates, look out..... If it doesn't look out....

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