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

To: AC Flyer who wrote (41066)	11/7/2003 1:28:13 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

ACF, China is doing it right too. They should print billions of their money. Then everyone in the USA can stop whining that it's undervalued. It won't be! It'll be overvalued. If people think it so undervalued, they should buy it up. China can afford to print up a storm because of their burgeoning economy going 90 to the dozen. That'll keep the peg happy too. At present, the complaint is the renminbi is too low for what it's really worth which means the peg is off target. But if they print umpty billion more renminbi, they that'll dilute existing holders and make the peg about right. Easy peasy. Mqurice