Author Topic: NY Times: China inflation stays high in May  (Read 1232 times)

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Offline Birdman

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NY Times: China inflation stays high in May
« on: June 14, 2011, 06:59:33 AM »
http://www.nytimes.com/2011/06/15/business/15yuan.html

"...the national statistics bureau reported that consumer prices in China rose 5.5 percent last month from the same period a year earlier. That was slightly more than analysts had expected, and faster than the 5.3 percent increase in April..."

Offline haze

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Re: NY Times: China inflation stays high in May
« Reply #1 on: June 14, 2011, 11:10:34 AM »
So I'm horrible with this kind of stuff, what does this mean for coin collectors? I'm assuming it means prices will go up for coins bought/sold in China?  Luckily for now I can say that I haven't seen prices going up much the last month in fact I've seen more dealers willing to bargin and lower there prices. I'm assuming that has more to do with this being the slowdown time of the year for the coin market though.  As Badon and others have said recently, now is the time to buy buy buy.

Offline BChung

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Re: NY Times: China inflation stays high in May
« Reply #2 on: June 14, 2011, 12:33:48 PM »
well the slow down might be cut short thanks the PBOC refusing to increase interest rates, makes my life harder......

IMO Interest rates needs to rise back to 5-6 % at minimum, anything below that is a joke....