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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Sergio H who wrote (3742)	8/13/2003 6:42:06 PM
From: Crossy	Read Replies (4) of 37387

Sergio, an "odd" question - "shoudl China revalue their currency " ? I think the question alone is somewhat arrogant and bossy (no fingerpointing to you but a general observation). I'm certainly no fan of commies and very market oriented. Yet in pursuit of a market economy China comes out at the top. This funny to see the question raised becuase the same question is not raised on the EU or the US. I think it's China's problem to handle their currency. If they have an independent central bank it will be another layer of "goodwill"created.. I can live either way. If they don't strengthen the currency growth will come out faster. Good for my China stocks. If they do my investment will appreciate in foreign terms, also good for my China stocks. So frankly I don'T care. It's just funny that the same amount of strictness is NOT placed on many other countries around the world (what about the US or the EU ? I mean their central banks in this case ?) My stance is that now that the US is reflating themselves there is no right in fingerpointing to China. You shouldn't criticize in others what you're doing yourself.. just my opinion CROSSY

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