Biotech Valuation 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.

Biotech / Medical : Biotech Valuation

CRSP 52.93

-4.2%

10:55 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Biomaven who wrote (9056)	9/8/2003 11:00:59 PM
From: John Metcalf	Read Replies (1) of 52153

>Bonds and the dollar remain extremely unclear to me.< Appreciation of Chinese currency has seemed like something that has to happen. And it will happen by 2007, as WTO agreements require the currency to float. John Snow made a recent trip to jawbone for such a development, to no avail. China has pegged its currency to USD. Though Japan has no peg, BOJ sells yen to push it down against the dollar. Many are not aware that Japan's trade surplus with China is now roughly equal to its surplus with the US -- japantimes.co.jp Walmart is now the 8th largest destination of Chinese exports, the first seven being sovereign nations. Until a better hypothesis comes along, I'll go with this one: three powerful economies have a mutual interest in dollar status quo.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next