Thursday, October 14, 2010

Confirmation about my predictions on US and Chinese trade balance

As I mentioned earlier, this will be the case for the quarters to come

http://xlpartners.blogspot.com/2010/08/preoccupation-on-nominal-exchange-rates.html

until we have some serious threat of trade war or maybe actual trade war.  This is the single most important threat to the smooth rise of the emerging markets.  This is confirmed again with the latest data


http://online.wsj.com/article/SB10001424052748704361504575551811511078860.html?mod=WSJ_hps_LEFTWhatsNews


"The U.S. trade deficit with China grew to $28.04 billion from $25.92 billion in July. Imports from China grew 6.1% to a record $35.29 billion. Meanwhile, exports fell $92 million to $7.25 billion."

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