Tag Archives: RMB

Is the RMB Debate Over?

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OK, stupid question. The political debate is definitely not over. On the other hand, the focus of the discussion among economists sure has changed over the past year or so. Not too long ago, everyone was arguing whether the RMB was only 10% undervalued or as much as 40%. Now we’ve got this sort of…

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Hey, the RMB Has Appreciated. Just Don’t Tell Anyone.

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Great New York Times article on recent RMB appreciation and why the U.S. government is trying to keep it quiet. If you’re into politics, this is fun. Keep in mind that although significant appreciation has occurred (“up 12 percent since June 2010 on an inflation-adjusted basis and 40 percent since 2005″), a lot of experts…

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U.S. Currency Bill Postscript

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Just for the record, the U.S. Senate bill that would punish China on the value of the RMB passed easily on Tuesday. I’ve consistently said that this is all political theater and that not only do all of the politicians involved know that this bill will never become law, but also that many of the…

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The U.S. Senate China Currency Bill: Tired Political Theater

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I’ve been putting off a post on the topic of the current U.S. Senate bill that would punish China for the value of the RMB. I’ve been writing about this topic for at least eight years, so I’m reluctant to drag out all the old econ, trade and politics issues. That would make for a…

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You Say Tomato, I Say Mercantilism

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Obama: weakening the dollar? I have no idea what you’re talking about. Unlike China, we’re just trying to grow our economy.

RMB Follies: Patience is a Virtue

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It’s been a strange couple of days in the ongoing RMB valuation saga. Some comments on Beijing’s ‘head fake’ and the strategy behind it.

What’s Next From D.C. on the RMB? A Lot More Talk

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China’s fixed exchange rate against the US dollar continues to be blamed by a large majority of US lawmakers for helping to create global economic imbalances and stealing jobs from US industries, notably manufacturing. (FT) The rhetoric has never been this heated before, but that doesn’t necessarily mean that D.C. is actually going to do…

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