JAPAN-Nikkei-Time to go back up? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: borb who wrote (3440)	8/25/2003 1:09:12 PM
From: Crossy	Read Replies (2) of 3902

Borb, I think it's too arrogant of others to decide on the "right" level of a currency. IT'S a matter of the chinese to determine their policy. Funnily nobody complained when Argentine or other countries made their dollar peg.. Funny also if you reflect the exact WORDING of your assertion: "many think it should be up vs. dollars" if this means it will go up because China will stop the dollar peg ? I don'T think so. Or do some European whiners in the fiscal rank and file echo their mantra : China's currency is too low ? Funnyily, those european folks are exporting their problem (EUro "stabilitY" pact) to china and crying for China's help by revaluation.. Now China is not charity. They are in a BUSINESS to make money. They will do what profts them most. Note that I don'T advocate "devaluation". It just makes business sense for China to have a stable currency relationship with their main export client - the Dollarzone IMHO... why distort that ? Did you notice that the price stability in the current economic up cycle is coming from the disinflationary pressure from China ? I like to stay it this way.. rgrds CROSSY

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next