Michael Spencer Quotes

You want to go for the sweep.

- Michael Spencer

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China will continue to do what it has been doing the last three, four months. The yuan will appreciate at a 4 to 5 percent annual rate. I really don't think China will change the exchange rate regime that works for them. - Michael Spencer

From one to nine, they're all tough outs. - Michael Spencer

The issue is not so much what the level of the exchange rate is but how quickly it's moving...the exchange rate has in the last two weeks moved as much as we expected it would in the entire year. - Michael Spencer