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

To: Snowshoe who wrote (35498)	6/29/2003 1:17:35 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Snowshoe, <<Thinking about more than one currency ...>> think of the currencies, equities, bonds, and commodities as thousands of logs in the fast flowing river of the PC game "Super Mario Brothers", and we must step and balance successively on one log and then another, to cross the river of financial ruin, and get to the other side, ... where a mountain lion may be hiding in wait :0) A casual inspection of my equity trading tickets of the past 90 months show a lot of sunken logs. Chugs, Jay P.S. I am waiting for my trainer to show up :0)

To: Snowshoe who wrote (35498)	6/29/2003 9:58:53 AM
From: Ilaine	Read Replies (3) \| Respond to of 74559

It was recently reported that mental stimulation prevents Alzheimer's. I wonder if foreign exchange trading is good for the brain. Bet it probably is. Maybe somebody can help me out with this - if the dollar/RMB ratio changes, does one side see it as devalue and one side see it as revalue? I am reading that the RMB is pegged at 8.2770 to the dollar but futures trading suggests that under free market it would "strengthen" to 8.1620 to the dollar. That means fewer RMB to the dollar, more dollar to the RMB. The rest of Asia wants China to make Chinese goods more expensive to America, which makes American goods cheaper to China (not that they're going to buy much made in America). In the meantime as the dollar falls, RMB falls, which keeps Chinese goods cheap in Asia and Europe. Good for the Chinese. Why should they change? And why don't financial news reports use RMB anymore? I thought that was the official name for the yuan?