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.

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