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


To: smolejv@gmx.net who wrote (31808)4/18/2003 5:52:17 AM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hi DJ, <<no net capex no profits>> is right. China and HK are Exporters of capital, individually and in combination (inward FDI of China in 2002 was around USD 50, export of FDI was around 26 bil) and if the capital could find productive use at home, at a profit, then I guess it would stay home ... and if capital is not sent in for USD treasury securities and Fannie/Freddie paper, just as if Tokyo got swiped by an earthquake, at USD-periphery, mortgage rate in USD-space center would ... oh, you know, all that connected pools of funding and electricity inductance, capacitance, resistance, and stuff.

Two unrelated stories:

Message 18856534
Message 18856540

Chugs, Jay