Wednesday, February 23, 2011

As predicted, the Great Rebalancing begins

One season ago, on my October 21st 2010, "Open the flood gates, why RMB should be freely floating"(http://globalmacrosport.blogspot.com/2010/10/open-flood-gates-why-rmb-should-be.html) blog post, I advocated China should let their exports raise by 20-30% (and their RMB to follow suit as well).

Viola, in January, NYT reported it is exactly what is underway with Chinese exports:http://www.nytimes.com/2011/01/12/business/global/12inflate.html?_r=2&ref=keithbradsher

One step ahead of the curve (my other "hit" http://globalmacrosport.blogspot.com/search?q=ahead+of+the+curve) is all we need. All anyone ever needs!
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