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| The Almighty Renminbi | |
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| Tweet Topic Started: May 14 2009, 03:20 PM (92 Views) | |
| QuirtEvans | May 14 2009, 03:20 PM Post #1 |
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I Owe It All To John D'Oh
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http://www.nytimes.com/2009/05/14/opinion/14Roubini.html?_r=3&emc=tnt&tntemail1=y |
| It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010. | |
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| jon-nyc | May 14 2009, 03:28 PM Post #2 |
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Cheers
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They have to make it convertible first, to even be a viable minor reserve currency. I don't see that happening in the near future. |
| In my defense, I was left unsupervised. | |
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| JBryan | May 14 2009, 03:32 PM Post #3 |
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I am the grey one
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Agreed. As long as China pegs the value of their currency to USD. If they put it on the world market then things change for them a whole bunch. That is why they are unwilling to do so. |
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"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it". Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody. Eleanor: At my age there's not much traffic anymore. From The Lion in Winter. | |
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