Thought of the day

The Chinese accumulation of US Treasury bonds was the automatic consequence of Chinese policies that the US opposed.

The Chinese criticize our policies. The reason we buy a lot from them is because their products are inexpensive due to their cheap RMB policy.

If they let the RMB appreciate we would not buy so many goods from them and they would not have so many dollars in their hands.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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