"Gautam John" <[EMAIL PROTECTED]> wrote:
"...There are only two possibilities from here on. Either the US dollar collapses or a controlled devaluation is allowed. A controlled devaluation means the revaluation of those currencies that are undervalued. Read: Asia. India has untethered its currency. When will China?"
I can confirm that the USD fall is hurting the Hong Kong Dollar (pegged to USD) BAD.. its value has dropped like a stone v/s the dollar, while staying constant wrt the Renmimbi.
The chinese aint all that happy a set of campers ..
