[adios]

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So their plan to avoid having to increase the value of the yuan is to drive down the value of the dollar?

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What I thought too. My understanding is the Chineese convert the excess US $ they receive due to the fact that they're net exporters of goods to the U.S. to U.S. treasuries more or less. Dumping US treasuries en masse seems like an excercise in shooting themselves in the foot.

Andy had an interesting trip report on his recent visit to China about labor conditions there. It was in my John Kerry Had A Point thread. Methinks that perhaps Congress is doing grandstanding more than anything else.