Twofish's Blog

August 31, 2006

Connecting some dots

Filed under: china, finance, quantitative finance, quantlib, Uncategorized — twofish @ 6:42 pm

The talk about IMF having more voting power for developing nations is part of a deal that the US Treasury Department is trying to orchestrate in which China gets more say in international organizations in exchange for revaluing the RMB.  The prospect of a RMB revaluations means that China is going to buy fewer Treasury bonds and mortgage backed securities which is putting some upward pressure on interest rates which is starting to deflate the housing bubble.

It will be *really* interesting to see what happens next.

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