Comments on: Flight to “safety” eases China diversification

By: hbous

hbous — Wed, 08 Sep 2010 14:44:11 +0000

Currency is very fluid like. The US Dollar still remains the World’s most stable because behind it is The United States of American with its industrial and military strong capabilities. Gold is an excellent medium but other than cosmetic and some industrial applications, it will not solve the World’s problems. The US will and the Dollar will ride the financial instability waves better than any other currency…Euro could become number two. Thanks to Greece’s instability, the Euro may survive and trail the behind the US Dollar in the future

By: SwissMaestro

SwissMaestro — Sun, 29 Aug 2010 00:28:01 +0000

The Obama bashing is displaying your eloquent and intimate knowledge of world trade and deep understanding of budget deficits role in the current state of the economy bravo you mush for brains jack asses.

By: Indiaproud1

Indiaproud1 — Tue, 24 Aug 2010 14:17:09 +0000

I don’t see why people still think that Obama and his administration don’t know what they are doing and aren’t noticing these things. Of course they know what’s going on, but they don’t care because the only way they can bring true socialism and install a dictator is to collapse our current system. I am sorry but any country in the world that is running a deficit as big as they do with China is an utter fool to let it continue unhindered. If the Obama administration really wanted to solve the problem all they would have to do is put a huge across the board tax on all Chinese imports and start a trade war. Just from those taxes alone they could pay off the debt they owe China and maybe even start to pay down the federal debt but as we know, that’s not what the Dems. really want.

By: paintcan

paintcan — Fri, 20 Aug 2010 18:26:59 +0000

Is it also possible that if the yuan goes up the Chinese want to be sure that the Yen appreciates as well? The Japanese were once the biggest exporter in Asia and the Chinese may not want to loose their 2nd spot to them.

The Chinese could see every other country as the pipe organ and they are the bellows.

By: cwucnspt

cwucnspt — Fri, 20 Aug 2010 14:35:28 +0000

Economists, including those at Obama’s administration, don’t understand the effect of trade deficit. In short, higher imports lower income growth which results in lower savings. The “theory” that a nation should concentrate on business/jobs they are good at is plain nonsense! See http://knol.google.com/k/savings-and-gro wth#

By: alderman

alderman — Fri, 20 Aug 2010 13:18:14 +0000

I consider this to be a move of great significance and I would be very concerned if I were in Obama’s shoes. The timing viewed from the side of the Chinese may be appropriate, but it is hardly so if seen from the american side at a time when the US economy is seen to verge towards deflation. The announcement of Axel Weber today may have temporarily helped the dollar parity versus the euro but such moves only have temporary effects and the truth is that the situation regarding the dollar is precarious.

By: pkuwu

pkuwu — Fri, 20 Aug 2010 12:27:35 +0000

well,it seems China shouldn’t do that

By: kassie01

kassie01 — Fri, 20 Aug 2010 11:31:28 +0000

The world was just not thinking when they swapped gold for US nothingness