[lbo-talk] yuan dollar

[Rakesh Bhandari]

Yet profit from contractors may well be mostly repatriated. So it's 
not clear to me that an appreciated yuan would necessarily be a  blow 
to US corporate profitability. On the contrary, yuan reserves abroad 
would now be worth more in dollars. All this assumes that Paulson is 
not talking smack. I don't think an appreciated yuan would save small 
American home-based business or declining industries. So if Paulson 
is serious and is not working on behalf of declining or small 
business, then the question is in whose interest an appreciated yuan 
would be. Not most Americans as consumers or mortgage holders 
obviously.
RB