They know it

(Reuters) - French Foreign Minister Alain Juppe said on Sunday he believed the Chinese currency was undervalued and would raise the issue when he visits Beijing shortly.

Yes, they know it. We know it. But we all need a cheap RMB so we can buy all that cheap stuff from China.

And they use all the money they get to industrialize and catch up with the rest of the world.

As long as the cheap RMB does not create excessive inflation, Chinese leaders will continue the keep the RMB down. They have too much poverty and too much unused labor to change.

It is up to us to become more efficient and beat them at their own game.

The markets always win.

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

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.