Paulson and China....

Tangible results on the Yuan?
How about tangible results on the USD?
These guys have absolutely no idea how the Chinese think.
 
I recall saying Snow was a buffoon for attempting to talk to the Chinese and those threads got deleted. Well I want to ask, do the Chinese laugh when Paulson starts talking currency or do they wait til he leaves the room? Is that Hussman guy making any predictions about the currency?
 
Well I want to ask, do the Chinese laugh when Paulson starts talking currency or do they wait til he leaves the room?
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The world has worked for 170 years with fixed exchanges rates, why should the chinese follow US order to move to flexible exchange rates?
 
Quote from mercure160:

The world has worked for 170 years with fixed exchanges rates, why should the chinese follow US order to move to flexible exchange rates?
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<BR><BR>Because the Chinese know that if protectionistic legislation hits the fan and becomes congressional reality, then it could take many percent points off of Chinese GDP. Up goes Chinese unemployment and political pressures.
 
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