Purity of race does not exist. Europe is a continent of energetic mongrels. - H.A.L. Fisher

Visit A Fistful of Euros

Forced rebalancing

Posted on May 16, 2008

It s not clear that there s much useful to be blogged about from a distance on the catastrophes in China and Burma. But one difference from the past is that the population scale of Asia relative to the rest of the world is now matched by its economic influence. In past decades, 6 figure death tolls were something one would read about and try to grasp the misery, but never see any impact on people not directly affected. Not now. Even isolated and shunned Burma is an important player in the world rice market but that pales in comparison to China. One aspect of the Chinese disaste...

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currency , economy , exchange rate , foreign exchange , gdp , inflation , interest rates