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Politics : Welcome to Slider's Dugout

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To: wsw1 who wrote (5994)	8/16/2007 10:27:02 AM
From: RonMerks	of 50435

Billy- China threatens 'nuclear option' of dollar sales" dated 10 August 2007. That was in response for the US threats of trade sanctions. I think that was to keep the US Congress in check while the dust of the Yen carry shakes out. Paulson doesn't want trade sanctions and he'll fight harder than China against them because, Goldman will make a fortune on the modernization and the opening of China's financial markets. Goldman has both first and primary mover position there- and are already making millions in early stage IPO's. Think about how many new "Goldman's, Merrill's, and Citibanks" will come out of China's growth story. That said, I still think China's stock market is over-heated and there will be a crack soon, if not now. I've been short India and some emerging markets for a while, finally getting the turn here. Ron

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