by James Corbett, The International Forecaster:
It was the Sentence Heard Round the Blogosphere. The Sentence That Launched a Thousand Headlines. The Sentence to End All Sentences. Or so some would have us believe:
“Peoples Bank of China official Yao Yudong has an article in the China Securities Journal calling for a new ‘Bretton Woods’.”
This titillating tidbit appeared as a breaking news item on Bloomberg and then was widely posted around the blogosphere, exciting quite a bit of speculation for such a tiny piece of information. Some outlets even wondered if this meant that China was preparing for a new gold standard.
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