Any idea the Chinese yuan could be considered sound enough for reserve currency status, is on life-support:
http://www.zerohedge.com/news/2013-11-25/chart-day-how-chinas-stunning-15-trillion-new-liquidity-blew-bernankes-qe-out-water
When this blows up where will CNY savings flee to?
http://www.zerohedge.com/news/2013-11-25/chart-day-how-chinas-stunning-15-trillion-new-liquidity-blew-bernankes-qe-out-water
When this blows up where will CNY savings flee to?
Assets and or debts?
Both those have already happened. Local asset prices are huge, local debts are huge.
OT. Was just reading this:
"Now I tell you, hao123.com, which was bought by Baidu and have about HALF traffic of baidu.com, now added a link of bitcoin at its homepage and built a special section as www.hao123.com/bitcoin/ !"
"Appears to be the equivalent of Yahoo putting "Bitcoin" in their main navigation menu. The actual page is an information portal, Bitcoin news, howto, etc.."
"Global Rank is 17. http://www.alexa.com/siteinfo/hao123.com"
http://www.reddit.com/r/Bitcoin/comments/1sk6ov/china_baidu_pause_bitcoin_now_i_have_a_great_news/
And interestingly enough it's the OKcoin rate they are quoting
