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


To: Jim Willie CB who wrote (34221)5/22/2003 10:00:22 AM
From: TobagoJack  Respond to of 74559
 
Hi JW, <<- China will soon gather blame from all G7 members, since their currency is not freefloating, as dictated by the WTO agreement, and all members will point to the extreme trade surplus growing leaps & bounds>>

... yes, and, or rather, but ...

http://www.siliconinvestor.com/readmsg.aspx?msgid=18958410
... First it was Japan causing deflation, then it was the Chinese augmenting deflation, and now, gad, guess what, it was all along America’s doing;0)


... and all this blame and counter-blame will lead to competitive devaluation, or breakup of global trading system, or equalization of revenue and cost, all very unpleasant for sure, but possibly profitable as well.

Chugs, Jay



To: Jim Willie CB who wrote (34221)5/22/2003 12:36:24 PM
From: RealMuLan  Read Replies (2) | Respond to of 74559
 
Jim, I thought is G8 now? Isn't Russia now in the camp?



To: Jim Willie CB who wrote (34221)5/22/2003 12:41:43 PM
From: RealMuLan  Read Replies (2) | Respond to of 74559
 
And China will listen to them, grin at them, and take NO action in the currency peg.<g>