What will be the impact of renminbi appreciation versus the U.S. dollar? Last time it occured against the backdrop of a weakening U.S. dollar and the result was inflation
.
Hugh Hendry made the connection between yuan appreciation and oil appreciation.
Yuan and Oil—The Bubble Connection?
Here's a link to all the posts about renminbi. I have both count and counterpoint, some blogs discuss RMB appreciation and others depreciation.
If there is appreciation going forward, I anticipate gold, gold miners (plus other hard assets and hard asset producers) and SE Asian markets to perform well.
Renminbi depreciation would be a symptom of global deflation.
NAR: Pending Home Sales Increase 1.6% in February; Down 7.0% Year-over-year
-
From the NAR: Pending Home Sales Rose 1.6% in February
*Pending home sales in January grew 1.6%*, according to the National
Association of REALTORS®. The M...
No comments:
Post a Comment