Former US Fed chairman Ben Bernanke quoted by Bloomberg

" Much of the appreciation in the US $ may have already happened. We may not see much more"

He'll certainly have a point if the Fed are slow to hike further but there are other forces at work too right now.

On the PBOC:

"One of my concerns is that the PBOC hasn't been as transparent as they usually are"

adding

"If they want to tie the yuan to a currency basket why don't they say that"

On Chinese economic slowdown:

  • China has no choice but to shift its growth model

" You can't continue to grow by 10% a year building new dams"

  • overall slowdown doesn't look to be so severe to really threaten the global economy at this point"

On Chinese equity market falls:

  • correlation between global markets is higher than between global economies

" It's more a financial phenomenon than an economic one"

Bernanke out there still wooing the crowds hungry for every tidbit.