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Thursday, August 07, 2008

Chinese Currency problem!

Real Time Economics : Economists React: 'Fundamental Alleviation Unlikely' for China

Its time to put higher conviction on my view that Chinese currency must appreciate. There is too much weighing in on the this side of the bargain that it will happen. Foreign currency inflows. to my mind, are anticipating a gain from one-time appreciation of the Chinese currency. Further let me speculate that with a one-off appreciation China will see a run on the currency. Foreign capital is likely to pull out possibly netting up to 15% return for the expedition.

This is running very similar to GBP devaluation. I would really love to know which side is Soros playing this time. After all its a known game for him.