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To: pater tenebrarum who wrote (85398)	2/9/2001 11:57:14 AM
From: John Pitera	Read Replies (1) of 86076

With the Japanese devaluing the yen bit by bit the are competitive globally. What would really be a curve ball for the global economy would be if China devalued the Yuan, out of the blue to keep pace with the softening of the Japanese currency. I'm not saying it will happen, but that would be a bad day for the system. can you imagine the FED doing an intermarket ease to counteract the destabilizing impact of a Chinese currency devaluation. This post here is a good one, you've probably seen some of the material. Fred Hickey certainly makes the case that tech company stock prices are still very high and that there is overcapacity. Message 15317936

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