Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (53815)	9/29/2004 11:26:01 AM
From: Taikun	Read Replies (2) of 74559

I think there could be a correction in China, particularly if the US dollar devaalued and they can't keep unloading product at high prices to US consumers. Canada should be interested in that-then Canada wouldn't have to keep selling crown jewels (Oil sands to Sinopec, Noranda to Minmetals perhaps) and receiving more undervalued USD. Not sure I agree with buying China 10% down unless they mean buying ADRs on margin-if that's possible. Can you buy PTR on margin? Maybe if the Yuan was unpegged and sold off we'd have a weaker China-either that or a weaker USD would do it. Both are possible. If US interest rates rose and impacted home buying then Chinese furniture sales to the US (one of the largest categories) would be impacted. Jim Rogers predicts China will fall (jump in at that point, he says) but if they do fall the buying opportunity could be so long you'll have to move the securities to your kds account. Who knows, eh?

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