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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Think4Yourself who wrote (42276)4/20/2005 9:26:55 PM
From: gregor_us  Read Replies (1) of 206176
 
If you see in the paper that China is going to float their currency, head for the hills.

Well, I think we've been seeing the discussion of it in the newspaper for over a year. IMO, the best analysis reveals that Yuan revaluation is definately not going to happen, would be a disaster for China, and, yes, would without question be head for the hills time for all of us.

As it stands already, interest rate hikes by the Fed are already proxy hikes for any country with its currency pegged to the US dollar. Like China.

Revaluation (higher) would only mean even tighter monetary conditions for China. They simply cannot handle it, and, they know it.

Which is why it's not going to happen.

LP
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