http://www.theundergroundinvestor.com/2006/10/a-no-because-ben-bernanke-is-wrong/ The definitive investment blog for investment news not discussed in the mainstream media Tue, 07 Feb 2012 23:27:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.theundergroundinvestor.com/2006/10/a-no-because-ben-bernanke-is-wrong/comment-page-1/#comment-862 The Zen of Investing - SmartKnowledgeU™ » A: Controlled Markets & Controlled Trade Mon, 18 Dec 2006 02:47:59 +0000 http://www.smartknowledgeu.com/blog/2006/10/16/a-no-because-ben-bernanke-is-wrong/#comment-862 [...] This past week, U.S. Secretary of Treasury Henry Paulson was in China, urging the government to let market forces determine the direction of the Yuan. U.S. Federal Reserve Chairman Ben Bernanke has also gone on record as urging the Chinese to let the Yuan rise from its current levels. The obvious reason is because a stronger Yuan and an even weaker dollar would help close the trade deficit between China and the United States. Remember, a couple of months ago, when I blogged about the U.S. economy depending on the unwinding of global surpluses to return to the U.S. in order for the U.S. economy to stay afloat? Well, this is Bernanke’s and Paulson’s effort to see that this happens. [...] [...] This past week, U.S. Secretary of Treasury Henry Paulson was in China, urging the government to let market forces determine the direction of the Yuan. U.S. Federal Reserve Chairman Ben Bernanke has also gone on record as urging the Chinese to let the Yuan rise from its current levels. The obvious reason is because a stronger Yuan and an even weaker dollar would help close the trade deficit between China and the United States. Remember, a couple of months ago, when I blogged about the U.S. economy depending on the unwinding of global surpluses to return to the U.S. in order for the U.S. economy to stay afloat? Well, this is Bernanke’s and Paulson’s effort to see that this happens. [...]

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