The_Technician
Market Veteran
- Reaction score
- 15
Hey all, I posted this in the Bar but I don't think anyone noticed it.....take a stab at this.....I think its prudent that we forsee what is going to happen here....
Situation, china devalues the Yuan to keep in pace with the dollar, net effect, China sells alot to the US.....what is it now around 8 Yuans to the dollar....
If China fails to let the currency strengthen, what does that mean in China's viewpoint, and the rest of the worlds viewpoint.....????
What does it mean to the rest of the world and of course US???
If China lets it strengthen, doesn't that terminate its export advantages, therefore brings an end to a busting economy????
Question is ....should you buy Yuans.......eventually, I believe it would be prudent, but how long would it take to ever see your money mature???
Eventually, maybe we could all be as rich as Soros in currency exchanges.......
Carnac
Situation, china devalues the Yuan to keep in pace with the dollar, net effect, China sells alot to the US.....what is it now around 8 Yuans to the dollar....
If China fails to let the currency strengthen, what does that mean in China's viewpoint, and the rest of the worlds viewpoint.....????
What does it mean to the rest of the world and of course US???
If China lets it strengthen, doesn't that terminate its export advantages, therefore brings an end to a busting economy????
Question is ....should you buy Yuans.......eventually, I believe it would be prudent, but how long would it take to ever see your money mature???
Eventually, maybe we could all be as rich as Soros in currency exchanges.......
Carnac
