主题：【原创】笔记14 -- 万里风中虎

Do you still expect that pound will appreciate against USD and RMB?

USD and RMB are closely pegged, thus are one currency now. Fundamentals are not in Britain's favor (government deficit, housing crash, all Big 4(5)'s close-death, current account problem). It seems to me that in the short-run, pound will depreciate against dollar again.

Britain has no industries except for the financial service industry now. I am very pessimistic about Britain's future. Gov will have to tax heavily and further scare off the mobile financial capital.

Of course, China is very crazy now. Savings of average Joes will be siphoned off to big players. Greed really has short memory.