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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (279087)3/7/2004 2:46:20 PM
From: mishedlo  Read Replies (1) of 436258
 
mish, I think China will try to prevent foreign commodity cos. from ripping them off, and will revalue for that purpose, throwing the US into massive inflation and depression as a byproduct.

Why doesnt anyone believe the decision makers.
Seems silly to me.
China said it is NOT floating the Renmimbi.
Greenspan said JOBS not the PPI were what was influemcing him.

Lots of $ were EASILY made if people focused on simple ideas like believing the decision makers rather than people who said, gold, commodities, a falling US$ or whatever would force the FED to raise rates.

As ass backwards as it might seem, treasuries rally with a falling US$ and vice versa. The US wants lower $ and China and Japan do not. I have no reason to doubt what China is saying about the Renmimbi. None.

I did not doubt for 1 second that treasuries and eurodollars were primarily dependednt on Jobs, not the price of copper, gold, and oil. That is what Greenspan said and more importantly that is EXACTLY how the market is reacting. Personally I am glad that people are focused on the wrong things cause if everyone was focused on what I am focusing on, I would probably be wrong. ggg

Mish
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