antagon
The Man
- Dec 6, 2009
- 3,572
- 295
- 48
...That would put pressure on the yuan to increase in value, not to suppress it...there's draconian restrictions on currency demand in china to affect a peg to the dollar. this peg is deflating our economy.
but what if the renminbi were pegged to the dollar?
can the fed's need to ease so aggressively to maintain inflation really be seen as ineffective if china's deflationary drag on the dollar is not accounted for?