Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (39228)	10/6/2003 10:11:12 PM
From: TobagoJack	Read Replies (2) of 74559

Hello Haim, <<... several "indirect messages to Haim">> ... I think only one or at most two. <<revalue the Yuan / Rimimby by 30% ... gradually over 5 years>> ... I think this is a given, almost, and at that time China will be anticipating 2008 Beijing Olympics, getting exercised about the 2010 coming out party that will be Shanghai World Expo, counting 12-36 months down to taikunauts' visit to the moon, planning on manned Mars mission at a fraction of the generally accepted and thus 'unfair' budget, and exporting BMWs convertibles, as well as all the shoes and toys for the world :0) A detail I question: did China say revaluing RMB 30% against what. The devil is in the details. For all we can imagine, the USD could have risen by 30% against the Euro and the JYen by that time due to Euro breakup and Japan disapperance, and the RMB, then an Asian-wide currency block, simply float up with the USD to which it is then still pegged ;0) Chugs, Jay

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