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Thread: US waging economic war against China???

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[quote=MARRIE,278148]Every 18 year goes a business cycle triggered by production in oil industry.  Although I don’t quite understand the theory, the fact that energy did cause debt crises –latin and southeast asia and then the domino chains were extended to currency market.

US financial and consumer sectors are in deep crisis with millions of millions of write-downs on their books and the floor still cannot be seen yet. Current market herd behavior is like that stay away from those with high leverage (in deep debts), specifically, AVOID US CORP.

The current RMB peg to $ US is 7:1 or something that attract US consumers to first look at Chinese goods not US goods. I guess controlling oil price is a better way than manipulating interest rate for US gov to balance Fed book.

Economy is always on the forefront of political discussion as the article above mentioned.

If somebody is a selfish Chinese YUAN earner, he/she prefers YUAN up again $ US.  And some speculators in currency market could be accumulating RMB long positions with the bet on the correction of RMB against U$ at the level of 5:1 or even 4:1 coz eventually RMB will not be pegged to U$ and free float someday.
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