{"id":536498,"date":"2010-04-21T01:26:49","date_gmt":"2010-04-21T05:26:49","guid":{"rendered":"http:\/\/www.businessinsider.com\/faber-2010-4"},"modified":"2010-04-21T01:26:49","modified_gmt":"2010-04-21T05:26:49","slug":"faber-the-yuan-will-double-in-value-against-the-dollar","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/536498","title":{"rendered":"Faber: The Yuan Will Double In Value Against The Dollar"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b8c71c27f8b9a8554270800-400-\/marc-faber.jpg\" border=\"0\" alt=\"Marc Faber\" width=\"400\" \/><\/p>\n<p>We couldn&#8217;t help but notice Marc Faber&#8217;s particularly bullish stance on the yuan, as voiced on Bloomberg T.V.:<\/p>\n<p>&ldquo;It&rsquo;s good for China to have a strong currency, but I don&rsquo;t think it will be good for the property and stock markets, because in the short term, China is less competitive,&rdquo;<\/p>\n<p>&ldquo;The yuan should be twice the current level, it should appreciate by 100 percent over the next 10 years.&rdquo;<\/p>\n<p>Given that the yuan seems to be almost unanimously seen as under-valued against the dollar right now, might Marc Faber be helping to fuel the world&#8217;s latest one-way bet sure thing? Does anybody think the yuan is <em>over<\/em>-valued, except maybe Andy Xie? (who seems to be more on the fence, but <a href=\"http:\/\/www.businessinsider.com\/andy-xie-a-yuan-hike-could-actually-create-a-yuan-bubble-that-throws-china-into-crisis-2010-4\">has warned that it could be<\/a>).<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-04-21\/china-exhibits-danger-signals-as-prices-surge-faber-says.html\">See more Faber quotes from the Bloomberg interview here &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/faber-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/ZrHOFSb63z8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We couldn&#8217;t help but notice Marc Faber&#8217;s particularly bullish stance on the yuan, as voiced on Bloomberg T.V.: &ldquo;It&rsquo;s good for China to have a strong currency, but I don&rsquo;t think it will be good for the property and stock markets, because in the short term, China is less competitive,&rdquo; &ldquo;The yuan should be twice [&hellip;]<\/p>\n","protected":false},"author":6205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-536498","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=536498"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536498\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=536498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=536498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=536498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}