Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz
Friday, December 05, 2008
China to devalue its currency?
I said some time ago that Far Eastern creditors weren't going to let themselves be swindled by currency depreciation; now it is rumoured that China (and maybe another country also) will take their revenge and begin a dangerous round of competitive devaluation around the world.