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 (60493)	2/22/2005 5:06:35 PM
From: Taikun	Read Replies (1) of 74559

Jay, BOK announces they'll change reserves structure (ie disgorge USD) As I posted on another board: When Korea decides to dump USD basically they are deciding to revalue (in USD) in advance of any Yuan revaluation. I wonder if other Asian nations will stay the course or begin to revalue (dump USD) also. Japan has been hoarding to stay competitive. I wonder what happens to the Korean economy's competitiveness. If they disgorge dollars and drive US bond yields up, Americans will have less money to buy their Kias, Hyundais and Samsungs. That's a real double-whammy. Combine that with the price of oil increasing and the tightening on one of their largest customers is impressive. Then again maybe they need to buy some US arms for protection against Evil Kim and wanted a discount? More importantly, do you think the BOK shorted USD last week? D

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