QUOTE(chyaw @ Feb 5 2010, 08:40 AM)
Do you think China will go up today? Even if it goes up, it won't help other Asian much as yesterday DJ really fallen hard... 
To me, today sure red, just dunno how red only...
What's your opinion?
Brother we have to accept the fact that even china cannot decouple from US economy. US economy is too big to fail. Look at the USD reserve and also the debts owed by US in terms of treasury bonds mainly hold by china and japan. To me, today sure red, just dunno how red only...
What's your opinion?
So far i can say USD is still irreplaceable. foreign countries increased their holdings of Treasury Bonds as a safe haven, also keeping interest rates low. These holdings went from 13% in 1988 to 28% in 2009.
QUOTE
China's Economy Depends on Exports to U.S.: China ships 20% of its exports to the U.S., which created a $268 billion trade deficit. While China needs the U.S., it is also increasing its trade with Hong Kong (18%) and Japan (8%). It is encouraging trade with African nations, investing in their infrastructure in return for oil. Finally, it is increasing trade agreements with other Southeast Asian nations,and with many Latin American countries.
I always believe the deep mess US was on today cannot be fixed overnight. It will take years to recover.
This post has been edited by darkknight81: Feb 5 2010, 07:58 AM
Feb 5 2010, 07:47 AM

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