Tuesday, September 21, 2004

economy - How China will save the US dollar

A good analysis by 'Comrade' Marc Faber in Bloomberg on why China is not going to dump the US dollar. (thanks for the tip, Simon!) Keeping the value of the US dollar up might be for the time being the only way out for the gloomy solutions for the current trade deficit by the dean of Yale's Management School last week, the melting away of the US dollar, or a major slowdown of America's economy.

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