Discussion in 'Economics' started by misterno, Apr 21, 2011.
Hmmmm... Don't you mean 0.5%?
get used to it around here....
Sorry you are right
I was so excited
but anyhow that is huge
I guess oil prices will go up more and more due to Chinese' increasing purchasing power in international markets
yesterday USD drop was X2 more than that..
USD drop against what?
EUR,AUD for example..
A 0.5% appreciation is not huge in a currency that everyone knows has been deliberately depreciated for many years. Everyone also knows that they are deliberately allowing a controlled appreciation now.
Many are of the opinion that 50% gain would barely start getting close to the natural price of a floating RMB.
Oil is going to get cheaper and cheaper for China, Do you want China to get cheap oil?
That is exactly my point
Coal, LNG and oil is getting cheaper and cheaper for Chinese, that means their consumption will skyrocket or even worse, it will accelerate.
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