Yet another failed market manipulation

Discussion in 'Economics' started by gastropod, Jun 22, 2010.

  1. So after this morning's usual pump of the market by the useless talking heads of the mass media - "China is going to let the yuan float....America is going to be the king of exports again" bullsh!t - A pump that was good for a Dow open up 130 on the morning of June 20....we come upon this little gem...

    Sorry folks - this is the RACE TO THE BOTTOM - the end of the civilized world as we know it......the real truth - China is going to DEVALUE their yuan in order to increase exports and save their OWN ass!

    Hahahahaha - a quote from the article, "However, Tuesday's aggressive buying of dollars could cut the supply of the U.S. currency in the spot market in coming days, which may in turn influence the yuan's value." Hahahaha - yeah, gee, if the Chinese need more of those dollars - the US can "quantitative ease" them some more :D