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Tuesday, April 20, 2010

SHOULD THE USA EXERT PRESSURE ON CHINA TO REVALUE ITS RMB CURRENCY? WOULD A REVALUATION OF 20-30% REALLY HELP REDUCE THE US TRADE DEFICIT?

Today's Buggy Topic

As usual, it was prompted by a thread and posts started at Economist's View, only with one difference: the lengthy buggy comments on the topic, full of data, were posted about 13 days or so ago.  No matter.  The topic is still fresh.    Keep in mind that the RMB in the subject title refers to the Chinese currency used for that country's exports and imports: the renmimbi.  Don't be confused.  It's the same as the Yuan used internally inside China.

Click here for the bug-stuff.