1. Who's In Charge of Determining U.S. Interest Rates? It May Be Beijing.
- Author
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Norris, Floyd
- Subjects
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HOUSING market , *INTEREST rates , *FINANCE , *CURRENCY question , *REGIONAL economics , *FOREIGN exchange , *RENMINBI , *U.S. dollar , *HOUSING finance , *HOUSING policy , *MONEY ,UNITED States economy, 2001-2009 - Abstract
Presents the author's view on recent developments regarding the Chinese currency and its influence on the United States housing market. Discussion of the Chinese yuan and its value relative to the American dollar; View that China currently sells to the world almost everything the world wants and then buys United States Treasury securities; Review of how a change in the value of Chinese currency will effect interest rates in the U.S.; Comments from bond analyst Kathleen Shanley of Gimme Credit, regarding potential regional economic downturns.
- Published
- 2005