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

To: TobagoJack who wrote (26017)	12/11/2002 7:04:43 PM
From: getanewlife	Read Replies (1) \| Respond to of 74559

Jay, what are you accumulating? I have my eyes on chn, ptr, sina, chu, your takes will be extremely appreciated. I do own SNP and plan to hold. Thanks in advance. GF

To: TobagoJack who wrote (26017)	12/11/2002 10:37:07 PM
From: Moominoid	Read Replies (1) \| Respond to of 74559

The idea behind revaluation is that as economies develop the gap between the exchange rate and the PPP exchange rate might narrow. Also with a current account surplus you might expect appreciation. Actaully, if China does have a surplus (need to check on that - Economist has $17.4 Bil for 2001 not so high then) where are they investing their surplus savings? They do have $258 bil in foreign reserves...