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Strategies & Market Trends : HONG KONG
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To: Ron Bower who wrote (1650)5/21/1998 6:44:00 AM
From: MikeM54321  Read Replies (2) of 2951
 
Well I just heard a first. It was on CNBC. A "Chief" economist for a bank out of St. Louis just said, "A devaluation of currencies by China will be good for China."

I have never heard that one before! He explained the pressures for China to devalue pretty well, and then he went on to explain that if the peg falls, the HK$ will still hold it's peg. Then he said that this will give the world confidence and money will flow back into China.

Just thought I would post his comment because it was so, how can I word it nicely....different.
MikeM(From Florida)
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