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.
Technology Stocks : Trading TAVA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JDN who wrote (602)8/12/1998 1:59:00 PM
From: Hawkmoon   of 655
 
JDN,

While I agree with most of your comments, the real fear is that the current black-market money changing industry could drastically undercut Bejings efforts at supporting the Yuan.

Additionally, Hong Kong seems to be burdening its new masters with its own currency and real estate problems, with some speculators seeing that the Hong Kong $ is vulnerable to attack. Any attack on the HK $ could create more pressure since it acts as a free-market proxy to the Yuan. (read also that there are pressures in HK to see real estate prices drop lower than the current -40% in order to encourage foreign investors to return).

Additionally, it is being reported that the recent flooding may clip up to 1/2 % off of GDP growth this year, reducing China's ability to maintain employment rates for its workforce.

And we know that the Chinese are a proud people, but they are also pragmatic and competitive. It is not what the leadership states that really matters, but what the underlying economic drivers force upon the politicos.

JMHO

Regards,

Ron
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News