Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (18787)	5/6/2002 10:28:32 AM
From: TobagoJack	Read Replies (1) of 74559

Hi CB, <<Jay ... can confirm that China has adopted #1>> Yes, #1 for now, and gravitating towards #2. #3 is left as a consequence, as long as it is devaluing. <<how it works for China>> at the 37th floor level, and so far so good. <<My impression is that foreign capital does not move freely into or out of China>> more freely in and not at all freely out unless Jay & Co is hired, but most capital is here not really by free will, but compelled to, in order to stay in business. <<buying Chinese stock ... gorge project>> BTW, not a good idea. <<freely bought and sold on the US stock exchange, but whether that is the same as moving freely into and out of China ...>> close enough for government work for now. Chugs, Jay

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