Tuesday, July 19, 2005

BIG TYPHOON

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Been a while, except for the pigs in space news. The East has been busy, though, do not doubt this.

Just the other day, I breezed by the usual economic forums I sometimes haunt and as usual, everyone was speculating when the Chinese will raise the value of the yen---ooops, I mean the yuan. As usual, the Chinese have the last laugh: From Xinhuanews:
China's central bank said Tuesday it will continue to keep the exchange rate of Renminbi, China's currency, basically stable at a reasonable and balanced level in the second half of this year.
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