SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Moominoid who wrote (65491)5/13/2007 9:25:44 PM
From: skinowski  Read Replies (1) of 116555
 
Chinese government announcing that domestic banks can now buy foreign stocks

I am concerned about this:

Message 23539325

If the Chinese buy our shares and send us back our dollars, this may - yes - increase prices of shares, but it is also likely to flood us with dollars.... which were till now sitting in China safely, for the most part in the form of only one equity - Federal paper. Could cause dislocations, the way I see it, like... inflation before we have a chance to deflate. I am not an economist, but, at first blush, it strikes me as serious business.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext