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

To: Haim R. Branisteanu who wrote (37450)	8/25/2003 2:49:39 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Haim, <<The US policymakers are pushing China to appreciate its currency, expecting short-term benefits from the boost for its manufacturing sector. However, the impact on its housing market could push the US into a massive recession, exactly the opposite of what I believe the US policymakers want to achieve.>> ... while obviously and intuitively true, this is none the less to 'sophisticated' a view for much of the officialdom as they respond to less wise but mob electorates. This explains why Greensputin, in his moment of lack of wisdom, endorsed a higher RMB value;0) Chugs, Jay