> you're reading...
Finance

Have Your PhD With Fries And A Coke, All On Us

The Chinese seem not inclined to clown around with the value of the renminbi.

Meanwhile the administration is trying to apply pressure on them to revalue their currency, “which President Obama says is kept at an artificially low level to give China an unfair advantage in selling its exports”.

From the NY Times,

A senior Chinese official said on Thursday that China would not bow to pressure from the United States to revalue its currency … Economists say that the Chinese currency, the renminbi, is undervalued by 25 to 40 percent compared to the dollar and other currencies.

And do you suppose it’s necessary to have a PhD in economics to figure out what the proper exchange rate should be?

Not if you’ve been  following our blog.

Here is the Rosetta Stone of currency parity, and it comes with fries and a Coke,

You've Got Your PhD, Just Add Ketchup

Maybe it’s not too late for a Happy Meal.

Bookmark and Share

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Search by Category

Archives

Sterling Jewelry & Gifts

Sterling Jewelry & Gifts

Creative Commons License

pinterestlogo