Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: aknahow who wrote (36250)	7/18/2003 11:52:22 AM
From: Ramsey Su	Read Replies (1) of 74559

In this UScentric environment, we seldom pay attention to other countries' desires, problems, rights, etc etc. Furthermore, like the blind Greenspan supporters, facts are generally ignored. Per the Economist, 6/27/03, here are some Merchandise Trade Balances for the latest 12 months in US$: China - $22.2B Brazil $19.3B Britain ($56.8B) Canada $36.2B Germany $124.7B Indonesia $25.5B Japan $95.4B Russia $52.1B USA ($519.7B) EU-11 $87.2B Aside from trades against US, China is hardly in a position to see the RMB rise against other trading partners and competitors. While I see it as inevitable that our policies makers would be doing some serious China bashing in the upcoming months (they always find someone to bash, it is just China's term this time), I still have hopes that they may look at the broader picture before embarrassing too much like Maurice did. Ramsey ps damn, as I type, even Bill Gross is bashing China on cnbc now. better send him this post. <ggggg>

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