The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (10661)	3/22/2004 4:03:00 PM
From: mishedlo	Read Replies (2) of 110194

Yuan is tied to the buck so China is feeling the full impact of soaring oil prices. Bad analysis Fillmore IMO. China has $ to spend in the first place by being tied to the US$ and keeping the prices of thier goods low and the US consumer happy about cheap prices. Pain to China is an illusion. Pain to oil consumers inside the US is real. China just takes thier US$ and buys stuff with it. In the meantime China is kicking everone's but on trade and selling of junk. All gain no pain for China IMO. Mish

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