Yuan revaluation won't help US, predicts Marc Faber

Dr Doom believes a strengthening Yuan will simply import inflation to an increasingly sick US economy.

Huge debt levels in the US means a revaluation strengthening of the Yuan is unlikely to help America says Marc Faber, the famously bearish author of the famous Gloom, Doom and Boom Report. He was speaking on the last day of the Beijing CLSA China forum.

Interest payments on US debt held by foreigners already amount to almost 1.2% of GDP he noted. But this could double if the government is forced to put up interest...

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