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Thread: Can RMB appreciation curb inflation?
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[quote=MARRIE,276202]Jimmy, Prof. Gary is a talented sharp watcher and an engineer as well. He taught me that DEFLATION is reflected in long-term bond yield curve is sloping down (signal of recession). Following Bear Sterns (the best brokerage firm in wall street, whose employee’s pension funds were now wiped off to almost nothing at a whim!), the other brokerage firm Lehman brother is another target facing the storm. Herd behavior in mkt is pretty pretty scary, but somebody wins, somebody loses, it’s zero sum game. It’s hard to say yesterday’s burst of financial sector reflects micro economy, but it does drives micro economy.[/quote]
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