Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (38522)	9/21/2003 6:00:32 AM
From: Maurice Winn	Read Replies (1) of 74559

<Given the nature and scale of China’s pent-up demand and social needs, the RMB will devalue in any free exchange rate regime.> Given the vast economic development and economic growth of China before people are satiated, China can print umpty megabillions of new money without causing inflation and using that to run the show and do all sorts of public works. They have got a money-printing opportunity to make Uncle Al green with envy. It is certainly a very exciting time to be a mosquito on the arteries of red hot cash flowing around China and gushing in and out too. It would take a LOT of printing to cause China's currency to devalue. Mqurice

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