g'day all - 1st things, a couple of articles for your viewing pleasure
Everyone wants Japan to do something, will that happen? In addition to the following URL, the chinese ambassador to the US was interviewed on PBS News Hours [kudos to Jim Lehrer for hardhit but non-abrasive questionings,] the former said the same thing:
biz.yahoo.com
Miscellaneous:
biz.yahoo.com
On a separate note:
Don, you sez "Every post provides more information that the Chinese will devalue." I hope you didn't count me in <VBG>, for I am yet to be convinced. Sure, China and HK can be seen as tough talking their way out of a messy situation; however, just b/c they are tough talking doesn't mean they have an empty belly. Also, one of the posts has touched upon China's excess inventory problems, which has been reported even before the AFC has begun, such as out-of-fashion shirts and empty airport. These problems are real, but nothing new. That's why many people have advocated investing in China by way of HK [not 'A' shares, not 'B' shares, and not ADR.] Regarding HK, here is an interesting case. She still has ample reserves. While her stocks [with RE holding cos garnering a lion share] has fallen 50% while her RE has declined by no more than 40% [the latter is not official stat.]
Anyway, maybe someone can convince me otherwise <G>
Best, Bosco |
