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China raise interest rates the Dollar rallies? [Copy link] 中文

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Post time 2010-10-20 06:07:27 |Display all floors
What happened?

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Post time 2010-10-20 06:37:18 |Display all floors

A good move!

The Central Bank of China acted to cool the the overheated Chinese market.
Inflation is creeping up.
Cheap money is leading to a housing bubble.

China should follow with a cap on 'hot' (short term speculative fake USD) inflows.
Rein in cheap money will slow down the economy.
Less unnecessary building activities means a better living environment for the Chinese people.

Equity, oil and commodities have have plummeted in NY today.

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Post time 2010-10-20 06:41:44 |Display all floors
The authority should not be afraid to make further rate hikes.

China's economy should be moving at a more environmental friendly sustainable rate.

Growing at 9 - 10% annually is just dumb!

Let's set a gradual annual reduction of 5-year's target, of a 5% growth rate.

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Post time 2010-10-20 06:45:40 |Display all floors
So higher chinese rates will strengthen the dollar?

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Post time 2010-10-20 07:05:15 |Display all floors
Originally posted by prime0421 at 2010-10-20 06:45
So higher chinese rates will strengthen the dollar?
.

It has temporarily stem the speculative hot money to this part of the World.

Hedge fund shyte money are avoiding Europe presently.

No where to go but the US - temporarily!

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Post time 2010-10-20 07:14:55 |Display all floors
Thanks

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Post time 2010-10-20 07:15:51 |Display all floors
Originally posted by prime0421 at 2010-10-20 07:14
Thanks
.

Oh please, don't thank me.

Thank China!   

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