Pesek:

"A stronger Chinese currency won't change the unbalanced nature of U.S. growth. Remember that the Plaza Accord of 1985, which sharply weakened the dollar versus the yen, did little to improve the U.S.'s balance of payments. Instead, it contributed to the asset bubble that led to Japan's lost decade in the 1990s."

Fekete: Can the Second Coming of Paul Volcker Save the Dollar? Thoughts on the eve of high level talks in Beijing