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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (34234)5/22/2003 1:13:23 PM
From: KyrosL  Read Replies (2) of 74559
 
The question is when China's peg becomes detrimental to China. My guess is that it already is detrimental. When I go to the store and exchange my dollars for Chinese made goods, I am getting a great bargain, at the expense of the Chinese workers. As the dollars accumulate in China, and the interest they earn drops, courtesy of the maestro, I think the Chinese authorities will start feeling that way too.

Kyros
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