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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (3103)7/22/2003 12:02:19 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 4909
 
easily fixed, if they don't move markets doing so.

basic materials purchases
oil company and oil property acquisitions (a fact)
gold



To: Wyätt Gwyön who wrote (3103)7/22/2003 7:02:04 PM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 4909
 
I think exactly as Godot on this. As long as they don't move markets too much they can even stockpile. Seems like a nice simple hedge against building up too much USD holdings. Wouldn't work for the Saudis I guess but the Chinese can actually use what they buy. Is there a significant Chinese SPR yet ?



To: Wyätt Gwyön who wrote (3103)7/22/2003 7:29:05 PM
From: TobagoJack  Read Replies (1) | Respond to of 4909
 
Hello Darfot, <<... China already has such horrible banking problems and enormous amounts of non-performing loans at the SOEs>> ... this is precisely why even if the RMB manages a 5% revaluation upward, it will come back down again due to PBOC (People Bank of China - Chinese central bank) dropping money from helicopters to fix the issues you pointed out.

Competitive devaluation may be the natural outcome of deflationary bouts.

Chugs, Jay


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