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Re: the fed and the yuan



On Thu, 24 Jul 2003 10:36:29 -0700, Michael Perelman
wrote:

>
> The US approved of the Argentinian peg and disapproves
> of the Chinese peg.
> Does anyonc sense a policy of expediency?
>

Not only that, but according to this morning's FT,
Greenspan said that "China cannot go on accumulating
ever more dollar assets without putting its financial
system at risk".  Apparently the burden of adjustment
falls on surplus countries in the New Economy.

dd



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