Saturday, May 21, 2005


Asia Times Online :: Asian news and current affairs. We are a banana republic
And for him, the dollar is not weak enough: "It should go down more, for instance, against the yen." He does not realistically expect a major devaluation of the Chinese yuan - maximum 5%. Krugman admits it's hard to predict what happens next: "It needs a trigger. But I'm convinced it's the collapse of the housing market in the US that will trigger the dollar's decline."