Oct 26, 2010

China And US: A Recipe For Trade Wars.

"Having 10% unemployment in U.S. and 10% growth in China is a recipe for trade wars in a situation in which China doesn't allow its currency to appreciate."

Nouriel Roubini, in a speech to Latin American steel industry executives

Related ETFs: ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI)