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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: siempre who wrote (28587)4/26/2005 7:28:45 PM
From: RealMuLan  Read Replies (1) of 116555
 
Personally, I think this is just an unfounded rumor. China should be smarter than that. 3-5% appreciation serves no other purpose except:
1) encourage more hot money flowing in;
2) showing world that China will do whatever the West wants China to do;
3) making the greedy West even greedier<g>

And if I remember correctly, a couple of US financial companies all made such prediction early this year. So I guess they are just self-comforting<g>
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