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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (9311)5/5/2008 12:37:28 AM
From: Hawkmoon  Read Replies (1) of 33421
 
I'd Imagine the Chinese Reserve bank has accumulated 1.5 Trillion dollars of foreign currency reserves and the Those reserves are about 40% undervalued still!!!!!!

So if I understand you correctly, you're long-term bearish on the Yuan because you believe those foreign currency reserves they hold are 40% undervalued?

If so, that flies in the face of what so many other countries are demanding of the Chinese, namely to let the Yuan appreciate.

Hawk
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