Would 6RMB/ USD Be A Good Thing?: Part 2
Following my first post a couple of days ago, I wanted to post some of the responses I received a couple of weeks ago when I posted this question online. It is by no means scientific, but some of the answers were really well thought out, interesting, and though provoking.
To start that conversation I asked the following 5 questions:
1) Is the RMB really unfairly valued?
2) What should the RMB/ USD rate be?
3) Would a 6RMB/ USD have a net positive effect for the USD?
4) What are the up/ downsides to a 6RMB/ USD for the U.S.?
5) What are the up/ downsides to a 6RMB/ USD for the China.?
Now, I am by no means an economics expert, and I am not sure any of the authors of comments below are. What makes them interesting is that they are all coming from different backgrounds to report their views based on their own industries, geographies, etc. I hope you will consider their comments, and add yours at the bottom in our comments section as well.
Disclaimer: I have kept the entire thread in tack, but I have deleted the last names to provide some measure of anonymity. As several of the responses come from readers, I will leave it to them to stake claim to their comments.
Read Original Post Here
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