[familyop]

...and nothing about the yuan. That’s interesting.

[ran20]

Thanks for posting this.. it adds further evidence to my thinking that inflation isn’t under control globally. And this is a global economy.. rising prices in China will get here eventually. The Chinese government will looks like have to keep raising interest rates, and hopefully continue raising the reserve requirement, as imo is a good idea.

Its interesting to note that they include food in their calculation while we do not. The Chinese will likely also try mechanisms to lower the price of food, to buffer the affects on their poor masses. And so there isn’t so much pressure to raise.

I think folks here in North America and also in Europe are too optimistic that we are going to see lots of rate cuts going forward.

[capitalist229]

We have been exporting our inflation to China because they refuse to revalue their currency.

We will wake up one morning to discover that the US govt has drastically devalued the dollar overnight. That is how it usually happens to a banana republic.

BUMP

[Moonman62]

Even though they have commie roots, it’s interesting to see how their central bank copies all the incorrect theories of all the other central banks.

[Moonman62]

”It seems China will have a bad harvest this year because of droughts and other disasters, and that will push up food prices further,” he said.

Raising their interest rates won't improve the harvest.