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To: pater tenebrarum who wrote (79409)	3/12/2001 10:15:42 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

you think.....? china does new and surprising gambit? who's got the power after all, all things considered, especially in a major regional power vacuum, all other things considered.

To: pater tenebrarum who wrote (79409)	3/12/2001 11:34:14 PM
From: TobagoJack	Read Replies (1) \| Respond to of 436258

The Yuan is unofficially pegged against the US$, and the HK$ is officially pegged, linked, and backed with the US$. Should China want to be mischievious, they can (a) sell their short term US treasuries, (b) say nice things to Taiwan, so that island can sell their ST US treasuries, (c) encourage HK to peg/link/back HK$ to basket of commodities, and making sure (d) the basket includes plenty of Russian platinum and palladium horded into the vaults of Bank Of China HK branch. China is not mischivious, but very commercial, probably figuring the US Dollar will fall on its own weight, taking the Yuan and HK$ with it, undercutting Japan and rest of Asian manufacturing, without causing a fuss on CNN.

To: pater tenebrarum who wrote (79409)	3/13/2001 2:51:17 PM
From: John Pitera	Read Replies (2) \| Respond to of 436258

Heinz, I notice that no one talks about the China devaluation as a possibility these days. I see we have more concern about what the new benchmark for interest rates will be: ----As the inclination toward paying down domestic debt increases, so does the search for a new benchmark security. This subject is what Chief Economic Advisor to the White House Lawrence Lindsey has just commented on to the Mortgage Bankers Association. Lindsey has stated that he is "nervous" about using mortgage backed securities or Agencies, and he does not know what would be most appropriate. The broad market assumption is that interest rate swaps will carry the ball. -----

To: pater tenebrarum who wrote (79409)	3/13/2001 3:14:20 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

hb - DB 14:44 FOREST PAPER PRODUCTS INDEX DOWN 2.4%; LED BY TEMPLE INLAND DOWN 4.4%. I thought it was Temple Inland Steel. Are they now growing steel on trees? Can you grow a Manhattan office building directly from GM seeds recycled from crushed cars? Is there a danger that a year after you bury a car in an abandoned lot a World Trade Center will spring up some morning pre-sterilized with silver ions? Regards, Don