5/02/2006

China Needs to Float the Yuan--for China's Sake argues John Makin. Eventually it will happen, but currency rate adjustments are always disruptive and China will have to do it. Ultimately all bubbles burst. The China bubble burst will be an event of the lifetime.

So far in this earnings season positive surprises are leading disappoints 237 to 54, or better than a 4:1 ratio

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