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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Alex Raytselsky who wrote (9804)1/21/1999 6:58:00 PM
From: donald martin  Read Replies (1) of 10482
 
Continuing OT. (And my apologies to the rest of the thread.)

The US can stand idly by while Brazil and the Latin Americans devalue. They don't represent much of a competitive threat to the US. However, if the chinese take it upon themselves to devalue, don't look to Rubin/Greenspan to stand idly by. If the Chinese pulled a stunt like that, you might see Fed/discount rates drop a point or more...a devaluation in everything but name only.
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