Hello Agamemnon, <<temp. dragon fund>> ... do not own it, but I appreciate Mobius' work. Closed end fund means it trades like a stock, valued on the basis of its net asset value plus premium or discount depending on popular opinion. The fund managers do not have to worry about new cash coming in or old investors wanting to pull out, since the fund's assets are packaged just like a company.
<<perplexed about US ... YUAN>>
... the US doesn't know what it ought to want, and therefore the want is left to the frantic street mob, screaming media, and blinded politicians.
Reference: siliconinvestor.com
<<How would this affect china investments?>>
... difficult to say, because China will grow regardless of what the US does, want, or want to do, in the long term, but, in the short term, anything can happen.
<<this 1987 repeat comes to pass I guess no market escapes?>>
... I think and am afraid not. Everything could go down on a defining day, as the world's imputed asset value shrinks at that defining moment of gut-wrenching cataclysm.
But it should be a good show:0)
Chugs, Jay |
