Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, March 18, 2010

MEME Tracker

We have been tracking this Trade War MEME

YOU CAN'T let the currency float!!!!!! that would skrew our exports!!!

Yuan rise would be disastrous: China export body

"If the yuan rises, these companies will face the immediate risk of going bust as their profit margin is already very narrow," Zhang told a news conference. "So for these companies, the consequences would be disastrous."

I don't know anything about economics... but that is the point.... Your currency is undervalued, and it gives you an advantage... and yet... it still leaks out in other ways...

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