This refers to the report “China currency revaluation would make goods more expensive” (May 16).
Chinese renminbi is purposely undervalued. If it were left to market forces then the currency will get stronger leading to a reduced US trade deficit. (...)
The skyrocketing commodity prices, climbing raw material cost, reeling worldwide stock and dropping oil prices, result from inflation and recession occurring at the same time leading to a bizarre phenomenon of stagflation.
It is often remarked that (...)
Instability in the financial markets has become one of the most difficult problems that the world economy has been facing over the last few decades. Not a single geographical area or major country has been able to escape the effect of this (...)
