Re: yuan dollar
On Aug 13, 2007, at 10:11 PM, bhandari@berkeley.edu wrote:
We do know that so much of US corporate profitability has depended not only on operatations abroad but also
on the free ride of dollar depreciation.
A lot of that is euro appreciation. Last I looked, about half of the
stock of FDI and MNC profits abroad were in Europe.
I don’t believe that Paulsen gives a damn about smaller biz, much less worker electoral ire.
He has to be seen doing something in order to head off Congressional
action, like trying to force a renminbi revaluation. I don’t think
he’s serious.
Doug