“What I don’t understand,” China Premier Wen Jiabao said, “is depreciating one’s own currency, and attempting to pressure others to appreciate, for the purpose of increasing exports. In my view, that is protectionism.”
There was a time, long ago – like way back in 2007 – when the only mud slung from the Far East came from the hands of “radical” professors and low-level government officials.
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Chinese Inflation and Economic Growth Soar
Well, the pause for the cause by US Treasury yields, lasted but one North American trading session on Friday… The 10-year yield has jumped higher once again this morning, all the way to 3.35%!!! WOW! Once again, I wonder aloud if the Treasury Bubble that I’ve cried wolf about for three years, is coming to fruition, or… Is this just another head fake, that will be corrected once the FOMC begins to really pull the trigger on their quantitative easing…
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