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Pastimes : Ask Mohan about the Market

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To: Rmn who wrote (12095)12/22/1997 12:49:00 AM
From: Brad Bolen  Read Replies (2) of 18056
 
RE: Zeev, i'm waiting for the other shoe to drop (china). They lowered their interest rates from 9% to 1% last week. They'v been denying that the yuan is gona devalue. How long do you think before it happens. I think maybe this week.

You better believe it. I called my mother-in-law once again in Australia and begged her to get her assets out of Hong Kong. Once they bust that peg on the HK dollar all hell will bust loose there.

She wouldn't listen to me when I warned on her property this summer, but I hope I've gained some credibility since then.

B.
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