If you are following the news recently, you will realized that many people and industries are frustrated about the under-valued Chinese currency. These folks are blaming that such action by China is increasing the US current trade-deficit with China and it is weakening the American economy. Some others are citing China as the main reason why American is too slow in recovering … [Read more...] about China Hurts Its Own Citizens with Under-Valued Currency
exchange rates
Vietnam’s Own Financial Crisis Averted
The chart to the left shows how many Vietnam dong can be purchased with 1 USD. Since Vietnam's currency exchange is fixed, the black market exchange rate is a better indicator. In 2008, Vietnam's inflation was out of control and the dong was worth less, much less. On May 2008, Merill Lynch speculated Vietnam will suffer an inflation shock that may cause investors to pull … [Read more...] about Vietnam’s Own Financial Crisis Averted