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

To: RealMuLan who wrote (36519)	7/25/2003 5:40:46 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

China's pegged-currency policy causes more outrage Isn't it funny how so many people are worked up about China's refusal to revalue the yuan? ... Put it this way: If you think China is manipulating the currency market with the yuan's peg, then you also have to acknowledge it is therefore manipulating the U.S. government bond market - and it is doing the later to the benefit of the U.S. Now if the yuan were to become a floating currency, or at least revalued, the demand from China for U.S. government debt would either cease or be substantially reduced. And that would partially undo, and maybe reverse, the work that the U.S. Federal Reserve has done to make credit cheap. Is that what Senator Snowe wants? Be careful what you ask for because you just might get it. (Bloomberg) koreaherald.co.kr

To: RealMuLan who wrote (36519)	7/25/2003 8:58:57 PM
From: Haim R. Branisteanu	Respond to of 74559

>>>As for luscious red tomatoes -- just pay 10 US cents, and you'll get two kilogrammes worth.<<<<<, ... and in New York you pay $2.5 for 1/2 kilogram

To: RealMuLan who wrote (36519)	7/25/2003 11:43:44 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Yiwu, I love lychees! <Fresh lychees at bargain prices -- for less than one US dollar, you can take home one kilogramme of the juicy fruit.> Usually they are on my luxury food list, but I bought a couple of cans of them for a reasonable price. Now I see why they were on sale much cheaper than normal. Also, the NZ$ has gone from US40c to US58c over a couple of years, so my purchasing power is greater. I suggest China float their currency. You say it's not a hard currency, so there's no market, but NZ$ is a pathetic little toy and it floats around the place, bobbing on the global financial ocean, finding the right level. We even got some excellent mangoes recently for NZ$1 each. Well, they weren't quite as excellent as one can get in India or in Mexico, but for a picked too early fruit, shipped around the world, they are fairly good. India has the best cashew nuts and mangoes. Yumm. Mqurice