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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (26007)	12/11/2002 6:41:52 PM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hi David, I think the Chinese Yuan, if left alone, will still tend to devalue, because a nation of so many, needing so much, having so little, always at the precipice, must print money. Slow devaluation can be accounted for by the systemic risks within a currency block and the amount of money printed to counter the systemic risks. When Chinese shares become a common topic on SI, the Yuan will stablize and then turn northward, because the exchange rate is than correctly pricing China's systemic risk. I am accumulating Chinese shares because I have an opinion of the risks perceived by CNN/CNBC, as in they are wrong, at the margin. Chugs, Jay