The negative scenario for the dollar is where the Chinese economy collapses, not where the Chinese become too afraid to buy dollar-denominated assets.
Bush, Bernanke, Paulson -- we call them leaders. The Chinese think of them as the customer service department. I suspect the Chinese get straighter answers from them than we ever do.
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
October 2, 2008
Quote of the Day
Tyler Cowen discussing the fate of the dollar:
Subscribe to:
Posts (Atom)