Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: EL KABONG!!! who wrote (38481)	9/20/2003 3:52:00 AM
From: Raymond Duray	Read Replies (1) of 74559

Re: Chinese revaluation could easily become the hatchet that kills the goose that lays the golden eggs, and most everyone knows it, whether or not they'll admit to it... OTOH, this could well be a totally delusional fantasy on your part. To suggest that maintaining an artificially low value on the yuan based exports of China is beneficial to manufacturers and their employees in higher wage nations is risible on its face. It is fantasists like you who are happy to completely hollow out the American economy and send the U.S. down the road to perdition and third world status. While the profits are hauled off by the Waltons and their ilk to to their tax-advantage domiciles in the Caribbean.

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