Tudor Says Yuan Gains Would Add More Jobs Than Fed Easing

Paul Tudor Jones, founder of $11.5 billion hedge-fund firm Tudor Investment Corp., said a revaluation of China’s renminbi would do more to cut U.S. unemployment than asset purchases by the Federal Reserve.
A 30 percent revaluation of China’s currency against the dollar over two years, followed partially by other nations such as Brazil, Russia and India, would result in a trade-weighted 8.5 percent depreciation of the U.S. currency, Jones said in an Oct. 21 investor letter. This strategy would create 3 million jobs in the U.S. and cut the unemployment rate by 1.4 percent by 2014, he said.
A revaluation is “almost six times as powerful in reducing unemployment as the Fed’s $1+ trillion worth of quantitative easing,” Jones, 56, said in the letter, a copy of which was obtained by Bloomberg. “The Fed’s large-scale asset purchases will have a minimal impact on unemployment that completely fades to zero by 2015.”

http://www.bloomberg.com/news/2010-10-26/tudor-says-gains-in-china-s-yuan-would-add-more-u-s-jobs-than-fed-easing.html

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Βλέπουμε - σύμφωνα με τους υπολογισμούς - πόσο δύσκολα έχουν γίνει τα πράγματα και τι απαιτείται ώστε να στρέψουν έστω και λίγο σε διαφορετική φορά... και μιλάμε για λίγο... για πολύ λίγο...

Επιπλέον, και αυτός δε βλέπει σύνδεση μεταξύ τυπώματος και μείωσης της ανεργίας - που είναι το ζητούμενο... Όμως, ΚΑΠΟΙΟΙ ΕΥΝΟΟΥΝΤΑΙ από το τύπωμα, ποιοι άραγε;