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Why would the Chinese or anybody else for that matter go back to...

  1. Infose
    5,237 Posts.
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    10/10/12
    12:54
    Post #: 10839028

    Why would the Chinese or anybody else for that matter go back to the gold standard?

    Imagine that the Chinese just do that as continuously suggested by some posters. What would happen? Simple, the Chinese currency would appreciate destroying their competitiveness vis a vis the rest of the world and at a time when there is a global savings glut.

    Read the article below and then you will be able to understand why the BOJ has recently embarked in another round of QE.

    www.theglobeandmail.com/report-on-business/rob-commentary/quantitative-easing-is-just-devaluation/article1391719/

    http://blog.traderdealer.com.au/2012/09/20/stock-market-analysis-markets-drift-higher-on-japanese-quantative-easing/

    Note. IMO there is more to QE than just trying to steal demand from your neighbor.

    HAW Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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