Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Depegging only hurts if it drops as a result. Since the effect of the basket peg is to discount the RMB¥, unpegging would seem likely to increase its US$ or € value.

Of more concern would be a loss of the existing warlords and mandarins of China of the mandate of heaven.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue May 24th, 2011 at 02:47:28 PM EST
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