{"id":720757,"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.com\/index\/720757","title":{"rendered":"Faber: The Yuan Will Double In Value Against The Dollar"},"content":{"rendered":"

\"Marc<\/p>\n

We couldn’t help but notice Marc Faber’s particularly bullish stance on the yuan, as voiced on Bloomberg T.V.:<\/p>\n

“It’s good for China to have a strong currency, but I don’t think it will be good for the property and stock markets, because in the short term, China is less competitive,”<\/p>\n

“The yuan should be twice the current level, it should appreciate by 100 percent over the next 10 years.”<\/p>\n

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’s latest one-way bet sure thing? Does anybody think the yuan is over<\/em>-valued, except maybe Andy Xie? (who seems to be more on the fence, but has warned that it could be<\/a>).<\/p>\n

See more Faber quotes from the Bloomberg interview here ><\/a><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

We couldn’t help but notice Marc Faber’s particularly bullish stance on the yuan, as voiced on Bloomberg T.V.: “It’s good for China to have a strong currency, but I don’t think it will be good for the property and stock markets, because in the short term, China is less competitive,” “The yuan should be twice […]<\/p>\n","protected":false},"author":4069,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-720757","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-31v7","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/720757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/4069"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=720757"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/720757\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=720757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=720757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=720757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}