Mish's Global Economic Trend Analysis Thu 2009-10-08 15:29 EDT

Competitive Currency Debasement - A Look at Rampant Monetary Expansion In China

Michael Shedlock

The Chinese central banks' printing and respective Chinese bank lending make us look like amateurs. Chinese central bank assets and the money supply are up 25-26% annualized YTD...nearly everyone is absolutely sure the Renminbi would soar if China allowed it to float. Conceivably it could crash...Neither the G-20 nor G-7 did anything to address the massive global imbalances. Something critical is going to blow sky high, when and what remains to be seen.

China; Competitive Currency Debasement; looking; Mish's Global Economic Trend Analysis; Rampant Monetary Expansion.

Credit Writedowns Mon 2009-09-14 14:43 EDT

Murder-Suicide in Chimerica

Edward Harrison

threading the events of 2008 and 2009 together makes a compelling case that the Chinese -- U.S. marriage is coming apart...GSE collapse, Geithner's charges of Chinese currency manipulation, Chairman Wen slamming the U.S. as a profligate nation, stimulus bill buy-American provision, a steady drumbeat of ditch-the-dollar talk coming out of China, Chinese central bank head Zhou's call for a new international reserve currency, Obama's chinese tire tariff was ``proverbial serving of divorce papers''. Expect prices to rise, look for Chinese retaliation on U.S. poultry and auto products...This marriage is over. The question is whether it will end gradually and peacefully in divorce or violently in murder-suicide.

Chimerica; credit writedowns; murder suicide.

Fri 2009-01-16 00:00 EST

naked capitalism: Chinese Central Bank to Test Program to Settle Trade in Yuan Rather Than Dollars

Chinese Central Bank; Dollar; naked capitalism; settle trade; test programmed; Yuan.