Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (60000)	2/5/2005 12:36:30 AM
From: Maurice Winn	Read Replies (3) of 74559

Gee Jay, Macau is a little place. Only 400,000 people. A cute little village. I was thinking, maybe 1 trillion yuan of freshly pixelated yuan isn't enough to satiate the speculators' expectations of a revalued Chinese currency. 10 trillion of dilution would surely make them start to think that there isn't going to be a revaluation and perhaps even, in the time-honoured way with fiat currencies, a devaluation. I don't see why China would want to hand speculative profits to foreigners. On the contrary, cleaning them out would make sense. China seems interested in large scale projects, such as building a bridge to Taiwan. A literal bridge, not a political bridge. There are no doubt lots of other projects which could gobble up a LOT of money. There are also a LOT of people in China who would like to be well-paid to create said projects. I say bet AGAINST the speculators and WITH Hu Jintao's money manipulators. I believe I won't get much argument from you on this matter. Mqurice

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