SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RealMuLan who wrote (33992)7/21/2005 9:08:58 PM
From: regli  Read Replies (2) of 116555
 
I think it was a great strategic move by the Chinese. It will blunt most attacks regarding revaluation especially once the basket is disclosed (I don't believe that the Singapore approach will work with China).

At the same time it signals to the U.S. some of the risks as clearly now the reserve diversification will begin in earnest. As most governments in the region will likely follow China's lead (see Malaysia), I expect much more pressure on the dollar.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News