Thursday, April 14, 2011
Will this affect the way house prices are manipulated?
"The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions". "Burdened by heavy debt, the United States, the euro zone and Japan are struggling to shake off the lingering effects of the 2008 global financial crisis. Rich countries will grow 2.4 percent this year and 2.6 percent in 2012, the International Monetary fund forecast this week". The BRICS caucus is a work in progress.. maybe the Yuan becomes more convertible before joining the SDR basket?